Neurones (NRO) H2 2024 earnings summary

Executive summary

• Achieved 9.3% revenue growth in 2024, with 8.6% organic growth, outpacing the market.

• Net profit increased by 7.8% year-over-year, reflecting sustained business momentum.

Financial highlights

• 2024 revenues reached €810.4m, up from €741.2m in 2023.

• Net profit rose to €63.2m (7.8% margin), compared to €58.6m (7.9%) last year.

• Free cash flow surged to €74.6m from €51.6m, aided by lower Capex and reduced working capital.

• Cash and cash equivalents net of debt increased to €319.5m.

Outlook and guidance

• Forecasts for 2025 will be provided with Q1 results; company expects continued profitable growth driven by AI, cloud, cybersecurity, digital, and data trends.

• Board proposes a dividend of €1.3 per share for 2024, up from €1.2.