Esprinet: Esprinet, return to profit in 2024; contract revenues up

(Alliance News) - Esprinet Spa reported that it ended 2024 with a net profit of EUR21.5 million, an improvement over the EUR11.9 million loss recorded in 2023. The board of directors proposed a dividend of EUR0.40 per share, with a pay-out ratio of more than 90 percent, with payment due May 7. Revenues from customer contracts totaled EUR4.14 billion, up 4.0% from EUR3.99 billion in 2023. Adjusted Ebitda reached EUR69.5 million, up 8.0% from EUR64.1 million in the previous year, with a margin of 1.68% compared to 1.61% in 2023. Adjusted Ebit was EUR46.2 million, up 5.0% from EUR44.1 million in 2023, with a margin of 1.12% on sales, broadly in line with the previous figure. The Net Financial Position is negative EUR36.2 million, compared to the negative balance of EUR344.3 million as of September 30, 2024, and the positive balance of EUR15.5 million recorded at the end of 2023, reflecting the impact of the multi-year lease agreement for the new warehouse in Tortona and the payment of tax installments. Looking ahead, Esprinet expects demand growth in 2025, supported by digitalization and investment in technology. The group will strengthen its business model with focus on strategic acquisitions and expansion in energy efficiency technologies. The board of directors resolved to propose to the shareholders' meeting to authorize the purchase and disposal of treasury shares, revoking the previous authorization of April 24, 2024 for the unexecuted part. The purpose of the transaction is to reduce the share capital, fulfill obligations from incentive programs for employees and directors, and purchase treasury shares already allocated under current regulations. The maximum number of shares that can be purchased in the next 18 months is 5 percent of the share capital, excluding those already in the portfolio. Alessandro Cattani, CEO of Esprinet, said, "We close 2024 with growing revenues and market share, higher operating profitability than the previous year, and improving ROCE." "These results confirm the strength of our business model and our ability to adapt to an evolving market. We look forward to the future with confidence, supported by the expected recovery in household demand and the positive performance of businesses." "With the launch of Zeliatech, we enter the distribution of renewable energy and energy efficiency technologies, expanding our market and creating new opportunities for growth," concluded Esprinet's CEO. Esprinet's stock closed down 3.0 percent at EUR4.56 per share. By Antonio Di Giorgio, Alliance News reporter Comments and questions to redazione@alliancenews.com Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved. (Alliance News) - Esprinet Spa reported that it ended 2024 with a net profit of EUR21.5 million, an improvement over the EUR11.9 million loss recorded in 2023. The board of directors proposed a dividend of EUR0.40 per share, with a pay-out ratio of more than 90 percent, with payment due May 7. Revenues from customer contracts totaled EUR4.14 billion, up 4.0% from EUR3.99 billion in 2023. Adjusted Ebitda reached EUR69.5 million, up 8.0% from EUR64.1 million in the previous year, with a margin of 1.68% compared to 1.61% in 2023. Adjusted Ebit was EUR46.2 million, up 5.0% from EUR44.1 million in 2023, with a margin of 1.12% on sales, broadly in line with the previous figure. The Net Financial Position is negative EUR36.2 million, compared to the negative balance of EUR344.3 million as of September 30, 2024, and the positive balance of EUR15.5 million recorded at the end of 2023, reflecting the impact of the multi-year lease agreement for the new warehouse in Tortona and the payment of tax installments. Looking ahead, Esprinet expects demand growth in 2025, supported by digitalization and investment in technology. The group will strengthen its business model with focus on strategic acquisitions and expansion in energy efficiency technologies. The board of directors resolved to propose to the shareholders' meeting to authorize the purchase and disposal of treasury shares, revoking the previous authorization of April 24, 2024 for the unexecuted part. The purpose of the transaction is to reduce the share capital, fulfill obligations from incentive programs for employees and directors, and purchase treasury shares already allocated under current regulations. The maximum number of shares that can be purchased in the next 18 months is 5 percent of the share capital, excluding those already in the portfolio. Alessandro Cattani, CEO of Esprinet, said, "We close 2024 with growing revenues and market share, higher operating profitability than the previous year, and improving ROCE." "These results confirm the strength of our business model and our ability to adapt to an evolving market. We look forward to the future with confidence, supported by the expected recovery in household demand and the positive performance of businesses." "With the launch of Zeliatech, we enter the distribution of renewable energy and energy efficiency technologies, expanding our market and creating new opportunities for growth," concluded Esprinet's CEO. Esprinet's stock closed down 3.0 percent at EUR4.56 per share. By Antonio Di Giorgio, Alliance News reporter Comments and questions to redazione@alliancenews.com Copyright 2025 Alliance News IS Italian Service Ltd. All rights reserved.