IVU Traffic Technologies (IVU) Q4 2024 earnings summary

Executive summary

• Achieved record revenue of €133.7 million in 2024, up 9.1% year-over-year, with gross profit rising 12.1% to €113.4 million and EBIT up 6.6% to €16.8 million, all-time highs for the company.

• Recurring revenues increased to 44.2% of total, driven by maintenance and hosting, and international sales now represent 52.1% of revenue.

• Proposed dividend increase to €0.28 per share, reflecting continued profitability and commitment to shareholder returns.

• Workforce grew to 1,069 employees (846 FTEs), with a focus on talent acquisition and retention in a competitive IT labor market.

Financial highlights

• Revenue rose to €133.7 million (+9.1% year-over-year); gross profit reached €113.4 million (+12.1%).

• EBIT increased to €16.8 million (+6.6%); net income was €12.0 million (+5.3%).

• Cash flow from operating activities was €6.7 million, down from €11.9 million in 2023, mainly due to higher income tax payments.

• Equity ratio stable at 52%; cash and cash equivalents at €21.1 million, with additional €25 million in term deposits.

• Dividend proposal of €0.28 per share, up from €0.26.

Outlook and guidance

• Order backlog exceeds €115 million for 2025, covering a large portion of sales targets.

• 2025 guidance: consolidated sales over €140 million, gross profit over €120 million, EBIT around €18 million.

• Continued focus on efficiency, with slower staff growth to offset rising costs, especially in salaries and IT security.