IT Link (ALITL) Q2 2024 TU earnings summary

Executive summary

• Revenue for H1 2024 reached €41.94M, up 11.6% year-over-year, in line with forecasts.

• Growth driven by international expansion and integration of Ciao, especially in Belgium and Canada.

• Workforce remained stable at 843 employees as of June 30, 2024.

Financial highlights

• H1 2024 revenue: €41.94M, up from €37.58M in H1 2023 (+11.6%).

• Organic growth was 1.1% for H1 2024; Q2 revenue grew 13.9% (2.6% organic).

• France revenue grew 1.4% to €35.30M; international revenue surged 140.4% to €6.64M.

• Solutions activities revenue rose 27.1% to €4.16M; services up 10.1% to €37.78M.

Outlook and guidance

• 2024 revenue target refined to €82–84M, with management monitoring economic and geopolitical trends.

• H1 2024 results to be published on September 20, 2024.