Acteos released Semi-Annual Financial Report for S1 2024 showing mixed performance with 6.2% increase in overall activity.

From GlobeNewswire: 2024-11-06 02:41:00

Acteos has released its Semi-Annual Financial Report for the period ending June 30, 2024, in compliance with financial regulations. The report includes key sections such as the attestation of the responsible party, financial statements, and auditor’s report. Results for the first half of 2024 show a mixed performance with a 6.2% increase in overall activity.

The report, approved by the Board of Directors, highlights a 6.2% rise in overall activity, with varying trends across different regions. While France saw a 23.5% growth, Germany experienced a decline of -20.7%. The Software business unit decreased by -4.5%, while Mobility grew by +33.7%. The company remains optimistic about future project signings and revenue growth.

Financial figures for the first half of 2024 show a 4.6% increase in margin, with the Gross Margin to Revenue ratio declining slightly. Despite a reduction in R&D investments and workforce, the operating result decreased by 29% to -475 K€. The consolidated result also dropped to -558 K€ due to financial factors like currency hedging.

Cash flow for the first half of the year amounted to 9 K€, impacted by the sale of a building in July 2023. The balance sheet as of June 30, 2024, indicates stable current assets, decreased non-current assets, and a negative level of equity. The company continues to monitor risks and maintain transparent transaction practices.

Looking ahead, Acteos aims to boost its order intake with new product solutions like WMS, TMS, and FPS. These innovations are expected to enhance competitiveness in terms of technology, functionality, and pricing. Despite challenges, the company remains focused on leveraging past investments for future growth opportunities.



Read more at GlobeNewswire:: Rapport financier semestriel S1 2024