AdUX (ADUX) H2 2024 earnings summary

Executive summary

• Revenue grew 11% year-over-year to €24.6M, driven by strong performance in France offsetting declines elsewhere.

• EBITDA increased 18% to €4.3M, reflecting stable gross margin and effective cost control.

• Net income rose 64% to €3.7M, aided by recognition of €1.0M in deferred tax assets on tax loss carryforwards.

• The group maintained profitability despite a challenging economic environment through prudent strategy and cost management.

Financial highlights

• Gross margin was stable at €10.5M (+1% year-over-year), with external purchasing costs at €3.1M and personnel costs down €0.5M to €3.0M.

• Operating profit increased 25% to €3.1M, in line with EBITDA growth.

• Cost of indebtedness rose to €0.3M, while income tax swung positive due to deferred tax asset recognition.

• Cash flow from operating activities was €1.3M, with net cash at year-end of €2.0M.

Outlook and guidance

• Plans to maintain stable EBITDA ratio relative to revenue in 2025, focusing on performance-based solutions and point-of-sale traffic generation.

• Will intensify local initiatives to address market-specific challenges amid ongoing economic uncertainty.