Relatech (RLT) Q3 2024 earnings summary

Executive summary

• Consolidated sales revenues reached €65.7 million as of September 30, 2024, remaining stable compared to the same period in 2023.

• 41% of sales are recurring revenues, up 6% year-over-year, reflecting a stronger recurring business model.

• International revenues accounted for 27% of total sales, with pro-forma international revenues rising to 29% after recent acquisitions.

• Strategic acquisitions of Venticento (including US and Hong Kong subsidiaries) and BTO completed, supporting international expansion.

Financial highlights

• Group consolidated sales revenues as of September 30, 2024, were €65.7 million, compared to €66.5 million a year earlier.

• Recurring revenues reached €27 million, up from €25.6 million year-over-year.

• Pro-forma group sales revenues post-acquisitions were €68.6 million, a 3% increase year-over-year.

• Net financial position stood at €29.3 million as of September 30, 2024.

Outlook and guidance

• Focus remains on consolidating the Italian market while accelerating international expansion through targeted strategic initiatives.

• Confident outlook for achieving ambitious business goals and responding to global market changes.