Reply (REY) Q4 2024 earnings summary

Executive summary

• Revenue grew 8.4% year-over-year to EUR 2,295.9 million, with EBITDA up 16.6% to EUR 410.6 million and net income rising 13.1% to EUR 211.1 million.

• Q4 2024 revenue increased 10.4% year-over-year to EUR 629.0 million, with EBITDA margin at 21.5% and EBIT margin at 16.9%.

• Board proposed a dividend of EUR 1.15 per share, payable in May 2025, up 15%.

• All economic indicators showed positive growth, with strong performance in digital solutions and AI-driven services.

Financial highlights

• EBITDA margin improved to 17.9% for the year (+1.3pp), and EBIT margin reached 14.4% (+0.6pp).

• Cash position at year-end was EUR 491.7 million, up from EUR 383.6 million.

• Net financial position strengthened to EUR 349.1 million from EUR 204.9 million.

• Group net profit grew to EUR 211.1 million, up from EUR 186.7 million in 2023.

• Gross margin improved to 17.9% from 16.6% year-over-year.

Key financial ratios and metrics

• Net income margin increased to 9.2% from 8.8% year-over-year.

• Tax rate increased to 31.8% (+1.2pp year-over-year).

• Employees at year-end: 15,667, up 5.9%.

• Equity of the Parent company increased to EUR 1,300.2 million from EUR 1,114.8 million.

• Working capital as a percentage of revenues decreased to 2.3% from 4.0%.