Alexandria Group (ALEX) H1 2024 earnings summary

Executive summary

• Revenue increased 16.6% year-over-year to €23.6 million, with EBIT up 57.6% to €5.4 million and net profit at €3.9 million, driven by strong sales across product groups, especially insurance products.

• Assets under management (AUM) grew to €2.0 billion, with net inflows into funds and continued positive net subscriptions for 60 consecutive months.

• Customer satisfaction improved, with NPS rising to 70 from 68 year-over-year.

Financial highlights

• EBITA rose to €5.8 million from €3.8 million year-over-year; EBIT reached €5.4 million from €3.5 million.

• Earnings per share increased to €0.38 from €0.23 year-over-year.

• ROE was 26.2% and ROA 19.5% for the period.

• AUM increased by €0.2 billion year-over-year, with fund capital up 13%.

• Insurance product fee income doubled to €5.6 million.

Outlook and guidance

• Management expects earnings conditions to remain strong, though significant capital market changes could impact results.

• No material events have occurred after the reporting period affecting the financial position.