CHAPTERS Group (CHG) H2 2024 earnings summary

Executive summary

• Achieved transformative growth in 2024, expanding to 48 operating companies and focusing on mission-critical digital solutions across three core verticals: Public Sector, Enterprise, and Financial Technologies.

• Revenue reached €125.8 million and adjusted EBITDA €30.3 million, reflecting both organic and inorganic growth, with significant acquisitions and strategic mergers.

• Major capital increases and financing activities supported expansion, including becoming the largest shareholder in Software Circle plc and raising €85 million in August 2024.

• The group completed key spin-offs and management buy-outs, further sharpening its focus on digital solutions.

Financial highlights

• Revenue increased to €125.8 million in 2024 from €87.2 million in 2023; adjusted EBITDA rose to €30.3 million from €24.5 million year-over-year.

• Adjusted earnings per share were €0.22 (2023: €0.14); excluding securities portfolio, EPS was €0.14 (2023: €0.28).

• Net loss for the year was €12.25 million, mainly due to amortization and consolidation effects; adjusted consolidated profit was €5.1 million.

• Total assets increased by 58% to €353.7 million; equity ratio improved to 63.6%.

• Cash and cash equivalents at year-end were €58.5 million, up from €50.8 million.

Outlook and guidance

• For 2025, expects organic growth in revenue and adjusted EBITDA in the low teens percentage range.

• Anticipates continued strong inorganic growth through further acquisitions, but no absolute forecast for revenue or EBITDA due to dynamic development.

• No dividend distributions planned; earnings to be reinvested for further growth.