Jensen-Group (JEN) H1 2024 earnings summary

Executive summary

• Achieved record order intake of €241.5m, up 55% year-over-year, driven by market recovery, especially in tourism.

• Revenue rose 10% to €227.3m for H1 2024, with operating profit (EBIT) up 20% to €24.8m.

• Net income attributable to shareholders increased 29% to €21.6m; EPS up 17% to €2.26.

• Strategic expansion included acquisition of MAXI-PRESS and a 33% stake in PrimaFolder.

• Focus remains on commercial excellence, manufacturing productivity, and project management.

Financial highlights

• EBITDA grew 27% to €31.3m; EBITDA margin improved to 13.8%.

• Net cash flow increased 35% to €28.2m; net financial cash position at €27.2m.

• Equity rose 3% to €271.2m; working capital up 15% to €174.4m.

• Operating profit margin improved to 10.9% from 10.2% year-over-year.

• Order backlog and contract assets increased, reflecting larger and more complex projects.

Outlook and guidance

• Aims to maintain momentum and profitability through commercial excellence and innovation.

• Plans to enhance digitalization and optimize business processes.

• Focus on sustainable innovation and customer-centric product development.