Neurones (NRO) Q3 2024 TU earnings summary

Executive summary

• Achieved double-digit organic growth in the third quarter of 2024, with notable advances in Data, Digital Projects, Cybersecurity, and Secure Cloud.

Financial highlights

• Third quarter 2024 revenues reached €196.7 million, up 11.1% year-over-year, with organic growth at 10.5%.

• Nine-month revenues totaled €599.1 million, a 9.8% increase year-over-year, with 8.9% organic growth.

• Operating profit for the nine-month period was 9.6% of revenues, after including 0.8% of bonus share expenses.

• Total turnover margin decreased to 14.3% from 17.3% a year ago.

Outlook and guidance

• 2024 forecasts reaffirmed: around €800 million in revenues and 9.5% operating profit expected.