IEX Group (IEX) H1 2024 earnings summary

Executive summary

• H1 2024 closed with EBITDA of €0.59 million on revenue of €2.7 million, up 14% year-over-year.

• Net profit reached €0.35 million, with EPS at €0.0895.

• Growth in both paying subscribers and advertising revenue contributed to results.

• Continued investment in core pillars and product expansion for Dutch and Belgian investors.

• Successful third annual IEX Beleggersdag held on June 28.

Financial highlights

• Revenue rose to €2.695 million from €2.365 million in H1 2023 (+14%).

• Net profit increased to €352k from €244k year-over-year.

• Gross profit improved to €1.977 million from €1.702 million.

• Operating income (EBIT) was €482k, up from €321k.

• EPS grew to €0.09 from €0.07 year-over-year.

Outlook and guidance

• Plans to expand capacity to support further growth and product quality improvements.

• Intends to repay bond loan by end of 2024 to reduce financial expenses.

• Sees opportunities for growth despite a challenging labor market.