BIO-UV Group (ALTUV) Trading Update summary

2024 financial performance

• Consolidated revenue for 2024 reached €39.6 million, down 8% from 2023.

• Export sales grew by 23%, supporting the terrestrial activities strategy.

• Maritime activities declined 27% due to the anticipated end of the retrofit market, partially offset by a 30% increase in services and after-sales.

• EBITDA margin is expected to improve over 2023’s 12.8% through operational efficiency and cost control.

• Continued deleveraging supported by strong free cash flow generation.

Business segment evolution

• New commercial organization from January 2025, with three divisions: Products, Solutions, and Services & After-Sales.

• Products division generated €12.2 million (31% of 2024 revenue), focused on recreational water equipment.

• Solutions division contributed €16.0 million (40%), with growing projects in water reuse.

• Services & After-Sales division delivered €11.4 million (29%), providing recurring and margin-contributive revenue.

Strategic outlook and capital increase

• Organic growth expected to resume in 2025, driven by solutions and services, especially exports.

• Expansion planned in North America, with initial contracts already signed.

• Launch of a capital increase with preferential subscription rights, targeting €7 million, extendable to €8 million.

• Financial targets for 2025 to be announced with annual results in April 2025.