Serge Ferrari Group (SEFER) Q4 2024 TU earnings summary

Executive summary

• Full-year 2024 revenues reached €323.6 million, nearly flat year-over-year, reflecting a gradual recovery in volumes since late H1 2024.

• Q4 2024 revenues rose 13.6% compared to Q4 2023, driven by a strong volume effect (+22.3%) across all regions.

• The Transform 2025 plan was fully deployed, with new synergies and efficiency measures implemented.

Financial highlights

• Full-year revenues declined by 1.2% at current scope and exchange rates, and by 1.0% at constant scope.

• Q4 2024 revenues totaled €89.8 million, up 13.6% year-over-year.

• Over 80% of 2024 revenues were generated outside France.

Outlook and guidance

• Business rebound in late 2024 expected to improve operating profitability in H2, though a net loss is anticipated for the year.

• Continued focus on operating efficiency measures under the Transform 2025 plan, aiming for a rapid return to profitability.