(Telestock) – Esprineta group listed on Euronext STAR Milan and active in the distribution of IT, Consumer Electronics and Advanced Solutions, closed the first half of 2024 with revenues accounting from contracts with customers equal to 1,849.9 million euros, -3% compared to 1,905.8 million euros in the same period of the previous year.
THE’EBITDA Adjustedwhich coincides with EBITDA as no non-recurring costs were recorded, is equal to 24.7 million euros, compared to 24.9 million euros in the first six months of 2023 (-1%). The incidence on revenues stands at 1.33% compared to 1.31% in the same period of 2023 and reflects the increase in the weight of operating costs (from 4.22% in the first half of 2023 to 4.33% at 30 June 2024) as a result of the reduction in revenues.
THE’net profit is equal to 3.3 million euros, compared to -26.9 million euros in the first six months of 2023.
“In the second quarter of 2024, the ICT distribution market in Southern Europe returned to growth and this positive trend continued in July – commented theAD Alessandro Cattani – In this context, the Group outperformed the market with a 9% increase in Gross Sales, gaining market share in particular in the high margin segment of Solutions and Services where growth was 17% in a flat market. The retail customer segment also showed signs of recovery after a long period of contraction. The overall scenario therefore seems to confirm the analysts’ forecasts, who see the market in the second part of the year recovering compared to 2023“.
There Net Financial Position is negative by 164.0 million euros and compares with a negative balance of 188.3 million euros at 31 March 2024 and with a negative balance of 207.2 million euros at 30 June 2023.
Esprinet confirms its expectations for the current financial year, which forecast an Adj. EBITDA of between 66 and 71 million euros compared to 64.1 million euros last year.