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ATALIAN Global (ATALIAN) investor relations material
ATALIAN Global Q2 2024 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Executive summary
H1 2024 net sales reached €1,001 million, up 0.9% year-over-year and 5.1% on a comparable basis, with strong international growth offsetting French cleaning margin pressure from wage and payroll tax increases.
Ownership transferred from Franck Julien to Sophie Pécriaux in June 2024, with no impact on governance or strategy.
Major refinancing completed in March 2024, issuing €836 million notes due June 2028, reducing gross debt by €400 million, extending maturity by 4.5 years, and halving annual interest costs.
Profitability was impacted by challenges in the French cleaning business, particularly in passing through full salary cost inflation and higher payroll taxes to customers.
Revised 2024 guidance downward due to exogenous cost pressures, legacy issues, and political uncertainty in France.
Financial highlights
H1 2024 net sales: €1,001 million, up 0.9% year-over-year (+5.1% comparable); recurring EBITDA: €39.9 million, down 7.9% year-over-year (-2.6% comparable); margin at 4.0%, down 38 bps.
Recurring EBIT at €13.3 million, down from €16.0 million in H1 2023, but improved from €3.5 million at end of March.
Net loss from continued operations: -€45.4 million, compared to -€26.2 million in H1 2023; total net loss: -€44.8 million versus €128.3 million profit in H1 2023 (prior year included capital gains from disposals).
CFFO excluding non-recurring items: -€27.1 million in H1 2024, but Q2 CFFO improved to +€26.2 million, reflecting better working capital management.
Net financial debt at €891 million at June 30, 2024, up from €791 million at end-2023; adjusted net debt (including deconsolidated factoring) at €1,083 million.
Outlook and guidance
2024 recurring EBITDA guidance revised to €80–90 million (from €100 million); CFFO guidance revised to -€10 million to €0 million (from €20–30 million), reflecting conservative working capital assumptions.
2025 guidance will be updated after the budget process, as current headwinds are expected to impact next year.
Action plans in place for cost discipline, productivity, commercial efficiency, and sector-based customer approach.
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- AMBU
Q1 saw 8.6% organic revenue growth and 10.5% EBIT margin, led by Endoscopy Solutions. - BOAT
Sales and profit fell sharply in Q4 due to weak North America and restructuring costs. - TIINDIA
Q3 revenue up 20% YoY to Rs.5,801 Cr; PAT at Rs.279 Cr; Rs.2/share interim dividend declared. - RITES
Q3 FY26 consolidated net profit rose to ₹115.10 crore on revenue of ₹608.59 crore. - BRG
Record EBITDA and strong cash flow, but impairments and Chinese competition weighed on profit. - V2RETAIL
Q3 and 9M FY26 saw strong revenue and profit growth, aided by expansion and lease gains. - 2454
Record Q4 revenue growth driven by flagship chips, but net income fell on margin pressure. - SECU
8% operating margin reached, strong cash flow, and digital risk intelligence expansion underway. - PCELL
Sales up 15% to SEK 385m, 24% organic growth, margin gains, and first positive EBITDA. - 532548
Revenue growth continued, but exceptional labour code expenses weighed on quarterly profit.
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