MyHotelMatch (MHM) H2 2024 earnings summary

Executive summary

• The year 2024 was marked by a strategic refocus, with the cessation of technology development and the sale of both NYS and MHM Labs subsidiaries, returning the group to its core real estate activity.

• The company faced significant financial distress, triggering multiple auditor alerts and leading to an emergency general meeting to secure business continuity.

• A project for a strategic merger with Courbet Héritage and financial support from OTT Héritage were initiated to stabilize and reposition the company.

Financial highlights

• Consolidated revenue for 2024 was €62k, up from €42k in 2023 (restated).

• Net loss (group share) was €1.28m, compared to a €3.2m loss in 2023.

• Operating loss was €649k, improved from €892k in 2023.

• Net loss from discontinued operations (NYS, MHM Labs) was €523k.

• No dividends were distributed for the third consecutive year.

Outlook and guidance

• The company plans to focus on real estate, leveraging synergies with Courbet Héritage.

• The strategic merger aims to strengthen financial structure and long-term profitability.

• The company enters 2025 with a streamlined structure and renewed development prospects.