Ecoslops (ALESA) H2 2024 earnings summary

Executive summary

• 2024 saw a 12% increase in sales and a positive EBITDA of €0.4m, up €0.6m year-over-year on a like-for-like basis.

• Disposal of Ecoslops Provence for €8m finalized, with impact fully provisioned in 2023.

• Debt restructuring agreement reached with EIB and Bpifrance, extending maturities and reducing annual interest expense.

Financial highlights

• Total turnover rose to €11.5m in 2024 from €10.3m in 2023; gross margin increased by €0.5m to €7.5m.

• EBITDA improved from €(0.2)m in 2023 to €0.4m in 2024; net loss reduced to €3.1m from €7.4m year-over-year.

• Net debt reduced to €12.0m; cash position at €6.6m as of 31 December 2024.

• Operating cash flow was €(0.7)m, mainly due to a €0.8m inventory increase.

Outlook and guidance

• Ecoslops Portugal targets production of 25,000 tonnes in 2025.

• Plans to contract the sale of a new Scarabox in Ivory Coast in 2025.