Assystem (ASY) Trading Update summary

Revenue performance

• 2024 consolidated revenue reached €611.3 million, up 5.8% reported and 5.2% organic year-on-year.

• Q4 2024 revenue was €165.9 million, a 6.4% increase from Q4 2023, with 5.8% organic growth.

• France contributed €380.9 million (62% of total), with 3.8% organic growth and strong nuclear activity (+7.6%).

• International revenue rose to €230.4 million, up 13.7% reported and 7.9% organic, driven by UK and India.

• Assystem met its revised 2024 revenue target and maintains its EBITA margin goal of around 6.5%.

Segment and geographic highlights

• Nuclear activities made up 86% of French revenue and 50% of international revenue in 2024.

• UK operations expanded, notably with the acquisition of Mactech Energy Group, enhancing nuclear sector presence.

• Saudi Arabia saw slower growth due to contract timing and cyclical infrastructure projects.

• India operations strengthened after integrating L&T IEL, positioning for future growth.

• Q4 international revenue grew 18.2% year-on-year, with 13.5% organic growth.

Strategic developments and outlook

• Acquisition of Mactech Energy Group in January 2025 boosts UK nuclear market footprint.

• Continued focus on nuclear, renewables, and clean hydrogen to support energy transition.

• 2025 financial calendar includes full-year results on 18 March and quarterly updates throughout the year.

• Assystem employs 7,750 experts across 12 countries, supporting low-carbon energy initiatives.

• Group remains committed to optimizing complex infrastructure and driving low-carbon electricity adoption.