Chargeurs (CRI) Q3 2024 earnings summary

Executive summary

• Q3 2024 revenue reached €165.3m, up 11.2% reported and 10.5% like-for-like compared to Q3 2023, marking the third consecutive quarter of double-digit growth.

• 9M 2024 revenue totaled €539.6m, up 10.9% like-for-like year-over-year, reflecting strong momentum across all business units.

• Novacel and Museum Studio were the main growth drivers, with significant contributions from Luxury Fibers and Personal Goods.

• Strategic acquisitions, including Cilander's assets and a majority stake in Grand Palais Immersif, strengthened core business areas.

Financial highlights

• Q3 2024 revenue: €165.3m (+11.2% reported, +10.5% like-for-like year-over-year).

• 9M 2024 revenue: €539.6m (+9.4% reported, +10.9% like-for-like year-over-year).

• Positive scope effect of 2.0% in Q3 from recent acquisitions; currency impact of -2.1% over 9M.

• All business units contributed to growth, with especially strong performances in Museum Studio (+28.6% Q3 like-for-like) and Luxury Fibers (+19.7% Q3 like-for-like).

Outlook and guidance

• Anticipates favorable impact from falling interest rates and US election outcome in 2025.

• Novacel expected to benefit further from lower rates in 2025, after stabilization effects in 2024.

• New contracts and international expansion plans expected to drive continued growth, especially in Museum Studio and Personal Goods.