Logic Instrument (ALLOG) H2 2024 earnings summary

Executive summary

• Revenue grew 68% year-over-year to €27.4M in 2024, driven mainly by the integration of Elexo.

• Operating income rose to €1.7M, up €1M from the previous year.

• Net income doubled to €1.2M, reflecting improved profitability.

Financial highlights

• Gross margin increased 76% to €7.6M, with margin rate rising to 27.7%.

• Operating expenses rose 62% to €5.9M, controlled relative to gross margin growth.

• Financial and exceptional result was -€0.1M; income tax expense was -€0.4M.

Outlook and guidance

• Targeting revenue near €50M in 2025 and a significantly improved net margin.

• Growth supported by major contract renewals and new defense contracts.