Grupo Ezentis (EZE) Q2 2024 earnings summary

Executive summary

• Revenue reached €7.2 million in H1 2024, with significant improvement in EBITDA, up 88% year-over-year.

• Focused on securing new financing, successfully raising €13.2 million in August 2024 to support contract acquisition and growth plans.

• Launched a new business line in Technological Solutions, securing contracts for audiovisual projects.

• Awarded the 2024-2027 AENA Framework Agreement for communications infrastructure supply and installation.

Financial highlights

• EBITDA improved by 88% compared to the same period last year.

• Revenue for the first half of 2024 totaled €7.2 million.

Outlook and guidance

• New financing enables pursuit of additional contracts and supports inorganic growth opportunities, with a solid growth project planned for Q1 2025.

• Positive impact expected from the judicial liquidation of Ezentis Colombia, estimated at €1.0M for consolidated result and €2.4M for equity in H2 2024.