Icape (ALICA) Q3 2024 TU earnings summary

Executive summary

• Q3 2024 revenue reached €42.4m, up 1.8% compared to Q3 2023, showing improved sales momentum.

• Nine-month 2024 revenue totaled €129.0m, a 5.3% decrease year-over-year, reflecting ongoing market challenges.

• Management highlights resilience amid economic and geopolitical uncertainty and notes a gradual return to growth.

Financial highlights

• Q1 2024 revenue was €43.5m, down 15.8% year-over-year; Q2 was €43.1m, up 0.7%; Q3 was €42.4m, up 1.8%.

• Revenue for the first nine months of 2024 was €129.0m, down 5.3% compared to the same period in 2023.

• External growth contributed €55m in additional revenue since early 2023.

Outlook and guidance

• All commercial and financial objectives are confirmed, including a 10% average annual organic growth rate from 2023 to 2026.

• Targeting €120m in additional revenue from external growth by end of 2026.

• Aims for an EBIT margin of around 9.5% by 2026 and medium-term sales of approximately €500m.