Springvest (SPRING) H1 2024 earnings summary

Executive summary

• Achieved record growth in H1 2024, with all-time high funding rounds and significant increases in all key metrics.

• Facilitated €32 million in growth company funding, up 78% year-over-year.

• Revenue nearly doubled to €3.6 million, and operating profit rose to €1.16 million, with a margin of 32%.

• Net profit increased 350% to €929 thousand; EPS at €0.17.

• Portfolio expanded to 41 companies, with a balance sheet value of €26.9 million.

Financial highlights

• Revenue: €3.6 million (up 97% year-over-year).

• Operating profit: €1.16 million (up 305% year-over-year), margin 32%.

• Net profit: €929 thousand (up 350% year-over-year).

• Portfolio company exits generated €309 thousand in net proceeds.

• Dividend of €0.06/share and capital return of €0.09/share paid in May 2024.

Outlook and guidance

• Expects full-year 2024 revenue to grow significantly, maintaining operating margin near long-term target of 20%.

• Continued investments in services and organization will impact profitability.

• Portfolio company IPOs, dividends, or sales could further strengthen financial position.