January 29, 2025
■ €994.6 million in total revenue for 2024, down -5.9%, reflecting the Group’s strategic orientations
– Prioritizing margins over revenue growth
– Managed decrease in the most mature markets
– Focus on the Group’s profitable growth drivers, primarily in Germany and in Energy activities
■ Q4: €251.8 million in revenue, down -12.4%
– Q4 2023 comparison basis particularly high
– Impact of selectivity measures implemented in Q2 in the telecom sector in France and Spain
– Fiber activity in Belgium remains low as negotiations continue between telco service providers seeking to pool their investments.
– Strong growth in Germany, the group’s future third pillar: +51%
– Strong growth in Energy activities: +30%
■ 2024 full-year margin outlook confirmed
– Improvement of the Group’s adjusted EBITDA margin
– Increase in adjusted EBITDA despite the revenue decline, demonstrating the relevance of the Group’s reinforced selectivity strategy
