Delta Plus Group (ALDLT) Q2 2024 TU earnings summary

Executive summary

• Turnover for the first half of 2024 was €193.9m, down 8.9% compared to 2023, mainly due to currency effects and a high base in the prior year.

• Adjusted for the Argentine Peso devaluation, the decline in sales is limited to 6.8%.

• Organic growth on a like-for-like basis was 0.7% for H1 2024, with no scope effect.

Financial highlights

• Group turnover for H1 2024: €193.9m vs €213.0m in 2023, a decrease of 8.9%.

• Currency effect was -9.7% (-€20.6m), with the Argentine Peso accounting for -€18.6m.

• Adjusted turnover for H1 2024: €193.9m vs €208.1m in 2023, a decrease of 6.8%.

Segment performance

• Europe H1 2024 turnover: €97.5m, down 7.4% year-over-year; organic growth -7.7%.

• Outside Europe H1 2024 turnover: €96.4m, down 10.4% year-over-year; adjusted decline -6.2%.

• Positive trends in South America and the Middle East partly offset declines in Asia and North America.