Llorente & Cuenca (LLYC) H2 2024 earnings summary

Executive summary

• Achieved €115.1 million in total income in 2024, 2.6 times higher than at IPO in 2021, reflecting consistent growth and sector-leading profitability.

• Operating income reached €93.1 million, up 19% year-over-year, with international business now representing 64% of total income.

• Net profit increased by 7.2% to €9 million compared to the previous year, driven by strategic execution and disciplined management.

• Major transformation included a new matrix structure integrating Marketing and Corporate Affairs, and significant investments in acquisitions.

Financial highlights

• Operating income rose 19% year-over-year to €93.1 million.

• Net profit reached €9 million, a 7.2% increase over the previous year.

• Recurrent EBITDA was €17.4 million, up 3% year-over-year.

• Total income since IPO in 2020 has multiplied by 2.6, and EBITDA by 2.1.

Outlook and guidance

• 2025 expected to be a year of consolidation and growth amid continued uncertainty.

• Focus remains on international expansion, innovation, and responsible, sustainable growth.

• Next three-year strategic plan to be shaped in 2025, building on solid foundations.