Lindbergh (LDB) H1 2024 earnings summary

Executive summary

• Revenue rose 19% year-over-year to €15.61 million, driven by the new HVAC business line and diversification strategy.

• EBITDA increased 18% to €2.14 million, with a margin of 13.5%, nearly stable from the prior year.

• Net profit grew 12% to €847 thousand, while EBIT was up 19% to €1.22 million.

• Net financial debt increased to €4.9 million, mainly due to HVAC sector acquisitions.

• The Network Management business saw a slight contraction, especially in France, due to economic stagnation among key clients.

Financial highlights

• Consolidated revenue: €15.61 million (+19% year-over-year).

• EBITDA: €2.14 million (+18%), margin 13.5% (vs. 13.8%).

• EBIT: €1.23 million (+19%).

• Net profit: €847 thousand (+12%).

• Net financial debt: €4.9 million (+29% from 31 Dec 2023).

Outlook and guidance

• HVAC BU expected to see significant revenue growth in H2 2024, benefiting from recent acquisitions and seasonal demand.

• Waste/Circular Economy BU projected to maintain current growth, supported by the LVMH partnership.

• Network & Warehouse Management BU anticipated to slightly improve as new clients are onboarded and volumes stabilize.