Moury Construct (MOUR) H2 2024 earnings summary

Executive summary

• 2024 saw sustained activity and solid results, with revenue at €186 million, down 4.0% year-over-year due to many projects starting late in the year.

• Net income remained stable at €24.4 million, reflecting strong operational and financial performance.

• Order backlog reached a record €361 million as of February 2025, up 8% from June 2024.

Financial highlights

• Revenue decreased by 4.0% to €186.3 million compared to 2023.

• Operating income fell 3.5% to €29.1 million; net margin stable at 15.5%.

• Financial result rose 67.6% to €3.9 million, driven by optimized asset management.

• Net cash position increased to €119.6 million from €99.8 million year-over-year.

• Equity rose 19.1% to €124.7 million; total assets up 9.0% to €207.1 million.

Outlook and guidance

• Robust order book supports expectations for strong activity in coming years.

• Management anticipates continued positive momentum and robust performance in 2025.

• Special dividend of €5.00 per share expected to be repeated in 2026 and 2027.