Coheris (COH) H2 2024 earnings summary

Executive summary

• Revenue increased by 2.2% year-over-year to €14.9M, with business revenue stable at €13.5M and a strong second half (+6%).

• Net income rose 13% to €3.4M, with a net margin of 23.1%, up 2.3 points from 2023.

• Operational efficiency improved, with operating income up 22.1% and operating margin at 22%.

Financial highlights

• Operating income reached €3.2M (+22.1% year-over-year), and current operating income was €3.3M (+28.7%).

• Financial result doubled to €0.8M (+102.9%).

• Cash flow from operations increased 12% to €5.0M.

• Net cash position at €8.9M, up €1M from 2023.

• Equity rose 17% to €20.7M.

Outlook and guidance

• Dividend of €0.08 per share proposed for 2024, reflecting strong operational performance.

• Next financial update scheduled for July 30, 2025 (H1 2025 revenue).