Digia (DIGIA) Q2 2024 earnings summary

Executive summary

• H1 2024 net sales grew 8.0% to €105.7M, EBITA up 18.0% to €9.7M, and EBITA margin at 9.2%.

• Q2 2024 net sales increased 8.8% to €52.1M, with EBITA up 24.5% and margin at 8.1%.

• All service areas contributed to growth, with international business share rising to 12.1% in H1.

• Major contracts included a €2M logistics partnership and a €1M Power Platform deal.

• Service and maintenance business accounted for 50.1% of H1 net sales; project business 49.9%.

Financial highlights

• H1 2024 earnings per share rose 20.7% to €0.22; Q2 EPS was €0.09.

• Return on investment reached 15.1% and equity ratio was 46.9% in H1 2024.

• Q2 2024 result for the period increased 32.3% year-over-year to €2.46M.

• Cash flow from operations in H1 was €13.2M, up from €7.5M; net liabilities decreased 19.2% to €17.7M.

• Market capitalisation at period end: €146.5M.

Outlook and guidance

• 2024 guidance unchanged: net sales and EBITA expected to increase from 2023.

• Strategic focus remains on automation, AI, and expanding international business.