Erria (ERRIA) H1 2024 earnings summary

Executive summary

• Exceeded profit expectations for H1 2024, leading to an upward revision of full-year guidance.

• Achieved increased profitability and fully repaid all long-term bank debt.

• Strong operational performance, especially in EBITDA, and solid execution across business units.

Financial highlights

• Revenue DKK 88.7m (2023: DKK 94.7m), down year-over-year.

• EBITDA DKK 4.4m (2023: DKK 4.4m), flat year-over-year.

• EBIT DKK 3.8m (2023: DKK 3.7m), slightly up year-over-year.

• Equity DKK 10.3m (2023: DKK 7.8m); cash DKK 16.9m (2023: DKK 17.4m).

Outlook and guidance

• Full-year 2024 revenue expected at DKK 185–200m.

• EBITDA guidance raised to DKK 7–9m; EBIT to DKK 6–8m.