Delta Plus Group (ALDLT) H2 2024 earnings summary

Executive summary

• Revenue declined by 4.9% year-over-year to €400.1 million, reflecting broad-based slowdown and negative currency effects.

• Current operating margin remained resilient at 12.6% of revenue, down 1.1 points.

• Net profit (Group share) was €31.1 million, representing 7.8% of revenue, down 1.2 points year-over-year.

• Balance sheet strengthened with higher equity and a slight increase in leverage due to the ARMOR acquisition and higher working capital needs.

• Demonstrated resilience and adaptability amid macroeconomic and geopolitical headwinds, focusing on innovation and operational excellence.

Financial highlights

• Revenue: €400.1 million, down 4.9% year-over-year; organic decline of 3.5%.

• Current operating profit: €50.6 million (12.6% margin), down 1.1 pts.

• Net profit (Group share): €31.1 million (7.8% margin), down 18.0% year-over-year.

• Gross margin improved due to easing inflation and strong price positioning.

• Non-recurring items remained insignificant at -€1.8 million.

Outlook and guidance

• Aims to maintain 2024 gross margin levels and sustain positive organic revenue growth in 2025.

• Plans to further strengthen financial structure amid ongoing macroeconomic and geopolitical uncertainty.

• No changes in consolidation scope planned for 2025, but remains open to external growth opportunities.

• Short-term risks include ongoing conflicts, currency volatility, and new geopolitical tensions.