Delta Plus Group (ALDLT) Q4 2024 TU earnings summary

Executive summary

• Consolidated revenue for 2024 was €400.1M, a decrease of 4.9% year-over-year, with a limited organic decline of 3.5% at constant scope and exchange rates.

• The group demonstrated resilience amid a challenging macroeconomic and geopolitical environment, leveraging agility, innovation, and diversification.

• Q4 2024 showed renewed momentum, with revenue up 4.3% compared to Q4 2023.

Financial highlights

• Revenue declined by €20.5M from 2023, with negative currency effects of €7.8M and a positive perimeter effect of €1.9M from the Armor acquisition.

• Organic revenue decreased by €14.6M (-3.5%) for 2024.

• Europe revenue fell 5.5% to €198.6M; outside Europe, revenue dropped 4.3% to €201.5M.

• Q4 outside Europe saw a 14.9% increase in reported revenue, with organic growth of 4.4%.

Outlook and guidance

• Gross operating margin improved in 2024 despite lower revenue, but operating expenses increased due to ongoing investments.

• The group expects moderate organic revenue growth in 2025, with continued focus on strategic growth and geographical diversification.

• Positive momentum in Oceania and South America is anticipated to extend to the Middle East and North America.