Egide (ALGID) H2 2024 TU earnings summary

Executive summary

• 2024 consolidated revenue declined 15.5% year-over-year to €31.07M, reversing the 8.7% growth seen in 2023.

• Revenue decrease attributed to lower sales at Egide SA (-15.8%), Egide USA (-21.7%), and Santier (-5.1%).

• Strategic investments and customer diversification continued, with positive momentum expected for 2025.

Financial highlights

• First half 2024 revenue was €15.43M, rising slightly to €15.64M in the second half, but still below H2 2023 (€17.56M).

• At constant exchange rates, 2024 revenue would have been €30.03M.

• American subsidiaries contributed 52.6% of group sales in 2024.

Outlook and guidance

• Single-digit revenue growth expected in 2025, driven by diversification and new applications in Defense and Aerospace.

• Growth to be supported by modernization of industrial tools and expansion in thermal batteries and firing systems at Egide USA.