Obiz (ALBIZ) H2 2024 earnings summary

Executive summary

• Achieved strong revenue growth in 2024, with sales up 51% year-over-year to €125.9M, driven by both organic expansion and acquisitions.

• Expanded international presence to over 65 countries and reinforced leadership in client and employee loyalty solutions.

• Integrated HA PLUS PME and Ski Loisirs Diffusion, enhancing the group's offer and cross-selling potential.

Financial highlights

• Revenue rose from €83.1M in 2023 to €125.9M in 2024 (+51%).

• Gross margin increased 44% to €15.9M, with a gross margin rate of 12.7%.

• EBITDA declined to €1.6M (from €2.2M), impacted by higher personnel and external charges due to acquisitions.

• Net result turned negative at -€2.6M, affected by exceptional items and increased amortization.

• Cash flow from operations remained positive at €1.3M.

Outlook and guidance

• Strategic roadmap "Equinoxe 2027" targets €7M EBITDA by 2027, focusing on operational efficiency and cash flow generation.

• Plans to sign over 150 new loyalty programs and further international expansion.

• Emphasis on reducing financial leverage and optimizing working capital.