Cogelec (ALLEC) Q4 2024 TU earnings summary

Executive summary

• Q4 2024 revenue reached €20.4m, up 13.6% compared to Q4 2023, with full-year 2024 revenue at €74.5m, a 12.9% increase year-over-year.

• Growth was driven by both domestic and international markets, with France up 10.8% and Europe up 26.9% for the year.

• Subscription-related revenue rose 17.2% to €23.4m, now representing 31.5% of total revenue.

Financial highlights

• Q4 2024 France revenue: €17.4m, up 11.0% year-over-year; full-year France revenue: €63.6m, up 10.8%.

• Q4 2024 Europe revenue: €3.0m, up 31.7% year-over-year; full-year Europe revenue: €10.9m, up 26.9%.

• Intratone brand added 325,000 new subscribed properties in 2024, reaching 2.5 million homes served.

Outlook and guidance

• Expects 2025 revenue and EBITDA growth rates to exceed those of 2024.

• Anticipates further improvement in EBITDA ratio for 2024 and 2025.