Relatech (RLT) Q2 2024 earnings summary

Executive summary

• Consolidated sales revenue reached approximately €47 million as of June 30, 2024, remaining stable compared to the first half of 2023.

• International revenues accounted for 27% of sales, consistent with the prior year.

• Recurring revenue increased by 7%, now representing 42% of total sales.

Financial highlights

• Net Financial Position stood at approximately €23 million as of June 30, 2024, up from €19 million at March 31, 2024.

• M&A and extraordinary cash outflows totaled €4.3 million in H1 2024, including the Dialog Sistemi acquisition.

Outlook and guidance

• Ongoing investments in AI, Cybersecurity, and Cloud are expected to strengthen market position and support growth.

• Integration of BTO and Venticento is anticipated to enhance leadership in strategic consulting and cybersecurity.