Fermentalg (FALG) Q3 2024 TU earnings summary

Executive summary

• Sales reached €9.7 million by end of September 2024, nearly tripling year-over-year from €3.3 million in 2023 and surpassing the previous high of €6.2 million in 2022.

• Growth driven by a 30% increase in active customer accounts and higher average sales per customer.

Financial highlights

• Sales for the first nine months of 2024 totaled €9.7 million, up from €3.3 million in the same period last year.

• Company maintains its full-year sales target of approximately €12 million for 2024.

Outlook and guidance

• Sales target for 2024 remains at around €12 million despite a challenging market environment.

• Company continues to expand its customer base and diversify activities, with upcoming participation in major industry events.