Mon Courtier Energie Groupe (ALMCE) H1 2024 earnings summary

Executive summary

• Revenue reached €11.8 million for H1 2024, up 13% year-over-year, driven mainly by core brokerage activities (+12%).

• Over 5,000 new professional clients were acquired, and the agency network expanded to 32, with a target of 40 by 2025.

• Significant investments in human resources and international expansion impacted short-term profitability but are expected to drive future growth.

• The company was recognized as a top employer and for its franchise network, ranking 7th in Best Workplaces France 2024.

Financial highlights

• Consolidated net income (group share) for H1 2024 was a loss of €286k, compared to a profit of €634k in H1 2023.

• EBITDA and operating income were negatively impacted by €743k in investments, mainly in agency expansion and internationalization.

• Gross margin remained robust, with brokerage representing 92% of revenue.

• Cash and cash equivalents at June 30, 2024, stood at €2.7 million, down from €3.0 million at year-end 2023.

• Equity (group share) was €10.05 million at June 30, 2024.

Outlook and guidance

• The company aims to reach 40 agencies by 2025 and accelerate international growth, particularly in Spain and Belgium.

• Investments in new offers and human resources are expected to yield results in the coming months, supporting 2025 objectives.

• Management remains focused on long-term profitability and becoming a reference in European energy brokerage.