Groupe Guillin (ALGIL) H2 2024 earnings summary

Executive summary

• Revenue declined by 1.7% year-over-year to €869.7M, with the packaging segment down 2.3% and equipment up 8.8%.

• Operating income fell 20.7% to €78.2M, and net income dropped 20.9% to €60.1M, reflecting higher production and personnel costs.

• The group continued its development strategy with acquisitions in France and Italy and a 49% stake in Wobz Distribution and Wobz Industries.

Financial highlights

• Revenue: €869.7M (-1.7% year-over-year); packaging down 2.3%, equipment up 8.8%.

• Operating income: €78.2M (-20.7% year-over-year).

• Net income: €60.1M (-20.9% year-over-year).

• Cash flow after net financial cost and tax: €105.1M (-10.4% year-over-year).

• Industrial investments: €62.0M, over 7% of revenue.

Outlook and guidance

• Market outlook remains highly uncertain due to geopolitical and economic instability, with potential impacts on raw material and energy prices.

• The group remains focused on commercial dynamism, operational excellence, and environmental commitments.

• Exclusive negotiations underway for the acquisition of three French packaging businesses.

• Dividend of €1.00 per share proposed for the next AGM.