Equasens Société anonyme (EQS) Q3 2024 TU earnings summary

Executive summary

• Nine-month revenue reached €158.2 million, down 2.8% year-over-year on a reported basis and 4.9% like-for-like.

• Q3 2024 marked a return to growth with a 0.3% increase in revenue compared to Q3 2023.

• All divisions except AXIGATE LINK showed renewed growth in Q3; acquisitions contributed 3.5% to quarterly revenue.

Financial highlights

• Q3 revenue: €50.2 million, up 0.3% year-over-year.

• Year-to-date revenue: €158.2 million, down 2.8% reported and 4.9% like-for-like.

• Software solutions and subscriptions grew 11.4% in Q3, reversing a decline in H1.

• Scalable maintenance and training services up 3.8% year-over-year.

• Configuration and hardware sales declined 10.7% year-over-year, but Q3 decline slowed to 5.0%.

Outlook and guidance

• Management expects growth to resume in Q4 2024.

• Continued focus on external growth opportunities in France and Europe.