Lepermislibre Société anonyme (ALLPL) H2 2024 earnings summary

Executive summary

• Online driving school with 49 employees, over 580,000 users since inception, and a focus on digital, affordable driving education and insurance products.

• 2024 marked by regulatory changes (CPF €100 co-pay), new regional pricing, and acquisition of a physical driving school.

• Company listed on Euronext Growth Paris since February 2023; share price fell 56% in 2024.

Financial highlights

• Revenue for 2024: €13.1M, down 22% year-over-year (€16.8M in 2023).

• Net loss reduced to €2.3M from €3.8M in 2023.

• Gross margin improved to 37.3% of revenue (36.9% in 2023).

• Operating loss narrowed to €2.2M (from €3.7M), driven by cost reductions, especially in marketing and payroll.

• Cash at year-end: €1.28M; net financial debt: €0.97M.

Outlook and guidance

• 2025 focus on further cost optimization, targeted marketing, and maintaining operational flexibility.

• Strategy to prioritize self-funded candidates over CPF-funded ones due to regulatory risks.

• Continued investment in digital platform and insurance product development.