Delta Plus Group (ALDLT) Q4 2024 TU earnings summary

Executive summary

• Consolidated revenue for 2024 was €400.1M, down 4.9% year-over-year; at constant scope and exchange rates, the decline was 3.5%.

• The group demonstrated resilience amid challenging macroeconomic and geopolitical conditions, aided by product innovation, geographic and sector diversification.

• Q4 2024 saw a revenue rebound, up 4.3% compared to Q4 2023, signaling improved momentum.

Financial highlights

• Negative currency impact of €-7.8M (–1.8% of revenue), mainly due to the Argentine Peso, partially offset by a positive scope effect of €+1.9M from the Armor acquisition.

• Adjusted for the Argentine Peso devaluation, organic revenue decline for 2024 was 4.2%.

• Gross margin improved in 2024, mitigating the impact of lower revenues.

Outlook and guidance

• 2025 is expected to be a transition year, with slight organic revenue growth anticipated.

• Growth momentum in Oceania and South America is expected to extend to the Middle East and North America.

• The group remains focused on long-term strategic objectives, including dynamic growth and geographic diversification.