Belysse Group (BELYS) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 consolidated group revenue was €68.1m, a decline of 7.6% year-over-year, reflecting weak European demand and resilience in the US.

• Organic revenue declined 7.1%, with FX impact contributing -0.5%.

• Bentley Mills' US business showed only a slight volume decrease, offsetting broader market weakness.

Financial highlights

• Adjusted consolidated group EBITDA was organically stable year-over-year, with a slight negative FX impact.

• Higher unitary margins generally compensated for lower volumes.

Outlook and guidance

• Next scheduled announcement for full year 2024 results is set for 7 March 2025.

• Forward-looking statements caution that actual results may differ materially from projections.