IT Link (ALITL) H2 2024 earnings summary

Executive summary

• Consolidated revenue reached €82.7M in 2024, up 12.8% year-over-year, driven by the acquisition of Ciao Technologies and organic growth of 1.7%.

• Net income rose to €4.03M from €3.42M in 2023, with EPS at €2.32 versus €1.97.

• EBITDA increased to €7.63M (9.2% margin), and operating income to €6.10M (7.4% margin).

• International business expanded, now representing 16.5% of revenue, mainly due to the Canadian acquisition.

• Workforce grew to 871 employees (+12.7%), with a focus on diversity and inclusion.

Financial highlights

• Revenue: €82.7M in 2024 vs €73.3M in 2023 (+12.8%); organic growth +1.7%.

• EBITDA: €7.63M (9.2% margin) vs €6.58M (9.0%) in 2023.

• Operating income: €6.10M (7.4% margin) vs €5.31M (7.2%) in 2023.

• Net income: €4.03M (4.9% margin) vs €3.42M (4.7%) in 2023.

• Net cash: €5.2M at year-end, down from €6.5M, reflecting acquisition and dividend payments.

• Dividend: €0.35 per share paid in July 2024 (€592K total).

Outlook and guidance

• 2025 organic revenue growth targeted at ~3%, with operating margin guidance around 7%.

• Management remains cautious due to macroeconomic and geopolitical uncertainties.

• Strategic plan Connext'25 continues, focusing on international expansion, R&D, and sustainable growth.