Egide (ALGID) H2 2024 earnings summary

Executive summary

• 2024 consolidated revenue was €31.07M, a 15.5% decrease year-over-year, following an 8.7% increase in 2023.

• Decline attributed to reduced orders from key customers, inventory and manufacturing issues, and supply chain disruptions.

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

Financial highlights

• Egide SA revenue fell by €2.77M (-15.8%), Egide USA by €2.52M (-21.7%), and Santier by €0.39M (-5.1%).

• 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.

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.