Synergie (SDG) H2 2024 earnings summary

Executive summary

• Revenue reached €3.2 billion in 2024, with EBITDA at €131 million (4.1% of revenue) and net profit at €67.1 million.

• Achieved record sales of €3.18 billion in 2024, up 2.4% year-over-year, despite economic uncertainty.

• Growth driven by diversification strategy and contributions from all operating regions.

• External growth included the acquisition of IPA in Australia, adding 12 branches and doubling presence there.

• Recognized for ESG leadership, including awards for diversity and best employer status.

Financial highlights

• Revenue increased by 2.5% year-over-year to €3,185 million, with organic growth of 0.9%.

• EBITDA declined 14.8% to €130.6 million, and EBITA fell 18.9% to €103.7 million, reflecting market headwinds.

• Net profit dropped 14.6% to €67.1 million compared to the previous year.

• International sales grew 5.7% to €1,919 million, now 60.3% of total revenue.

• France sales declined 2.1% to €1,265 million, reflecting national market challenges.

Outlook and guidance

• Economic and geopolitical uncertainties are expected to impact global demand in 2025.

• Focus on accelerating market share gains, diversification, targeted acquisitions, and digitalization.

• Strong financial structure positions the group to pursue further growth amid a complex economic environment.