Aallon Group (AALLON) H1 2024 earnings summary

Executive summary

• Revenue grew 4% year-over-year to €18.3 million, mainly driven by acquisitions.

• Adjusted EBITDA was €3.2 million, down 5.9% year-over-year; reported EBITDA rose 2.6% to €3.4 million.

• Net profit for the period was €1.6 million, up from €1.5 million a year earlier.

• Operating environment remained challenging, with slow economic recovery and reduced transaction volumes among clients.

• Company continued to invest in sales resources, software development, and automation initiatives.

Financial highlights

• Revenue: €18.3 million (up 4% year-over-year).

• Adjusted EBITDA: €3.2 million (down 5.9% year-over-year); EBITDA margin 18.5%.

• EBITA: €2.4 million; EBITA margin 13.3%.

• Operating profit (EBIT): €2.1 million; EBIT margin 11.5%.

• EPS: €0.42 (up from €0.39 year-over-year).

Outlook and guidance

• Medium-term targets remain: organic growth above market average, supplemented by acquisitions.

• Aims for 15–20% annual revenue growth and increasing EBITDA margin over the medium term.