Redegal (SCRDG) Q4 2024 earnings summary

Executive summary

• FY2024 revenue reached €13.8m, up 36.6% YoY with 37% organic growth, led mainly by Digital Business and Product.

• Net financial debt fell 90.1% to €458K; IPO costs and strategic investment in technology, products and new markets weighed on results.

Financial highlights

• Adjusted EBITDA was €788,147, down 30.3% YoY; global EBITDA was positive at €750K, while Europe EBITDA was €1.1m.

• Reported net result was -€1.6m and adjusted net result -€0.3m; lower EBITDA reflected gross-margin mix and higher operating costs.

Outlook and guidance

• 2028 targets: sales of €22.6m, adjusted EBITDA of €4.4m and EBITDA margin of 19.5%; 2024–28 CAGRs of 13.2% and 57.0%, respectively.

• 2025–28 priorities include double-digit sales growth, free cash flow generation, selective Tier 1/2 clients, technology alliances and internationalization.

• 2025 focus shifts to margins, cash generation and shareholder value; IPO-related extraordinary costs are expected to ease.

• Strategic focus includes reinforcing Spain and Mexico, developing Portugal and pursuing complementary acquisitions; the year began with growth above historical CAGR.