Mon Courtier Energie Groupe (ALMCE) Q2 2024 TU earnings summary

Executive summary

• Achieved H1 2024 revenue of €11.9m, representing a 13% increase year-over-year.

• Customer base expanded by 5,000 new accounts to 39,000, up 39% compared to H1 2023.

• Opened 2 new branches, bringing the total to 32 as of June 30, 2024.

• International expansion continued, with significant growth in Spain and presence in 5 major zones.

Financial highlights

• 96% of revenue derived from brokerage activities, supported by recruitment and branch openings.

• 2% of revenue from energy transition services, stable year-over-year, with new offerings ramping up.

• 2% of revenue generated internationally, with Spanish revenue share doubling year-over-year.

Outlook and guidance

• 2025 targets reaffirmed: revenue above €40m, over 10% from energy transition consulting, and over 15% from international markets.

• Operating income target of approximately €5m and a network of more than 40 branches by 2025.