Llorente & Cuenca (LLYC) H2 2024 earnings summary

Executive summary

• Net profit reached €9 million in 2024, up 7.2% year-over-year, reflecting strong business growth.

• Revenue rose 19% to €115.5 million and operating income increased to €93.1 million, both record highs.

• Recurring EBITDA grew 3% to €17.4 million, in line with updated forecasts after the BAM divestment.

• The company accelerated integration of its commercial offering and revamped its organizational model into Marketing and Corporate Affairs.

• Major marketing contracts secured, and full integration of BESO by LLYC and Apache completed.

Financial highlights

• Net profit increased 7.2% year-over-year to €9 million.

• Revenue grew 19% to €115.5 million; operating income reached €93.1 million.

• Recurring EBITDA rose 3% to €17.4 million.

• Cash position at year-end was €9.1 million; net debt stood at €26.1 million (1.5x EBITDA).

• Dividend payout increased 30% to €0.172 per share, totaling €2 million.

Outlook and guidance

• Solid financial position supports future growth and the development of a new three-year strategic plan.

• 2025 expected to be critical for consolidating growth amid market uncertainty.