ByteTravel (SCBYT) H1 2024 earnings summary

Executive summary

• Net sales reached €4.82 million in H1 2024, up 86% year-over-year, driven by international markets and operational improvements.

• EBITDA rose 206% to €0.9 million, with EBITDA margin improving to 19% from 11% in H1 2023.

• Net profit before taxes increased 281% to €1.04 million compared to H1 2023.

• The company maintained a debt-free position as of June 30, 2024.

Financial highlights

• Gross margin remained high at 97%, slightly down from 98% in H1 2023.

• Operating expenses increased 56% year-over-year, mainly due to higher marketing and personnel costs.

• Cash and cash equivalents stood at €2.63 million at period end.

• Capital increase of €1.397 million executed in June 2024, raising total equity to €3.93 million.

Outlook and guidance

• Improved profitability attributed to reduced customer acquisition costs through enhancements in marketing, business development, and technology.

• No significant uncertainties or risks identified that could impact future asset or liability values.