reports
- Marios Bourazanis
- Stamatios Draziotis CFA
Real Consulting | Upward momentum carries on; headed for the Main Mark...
Robust FY’24 showcases execution capabilities, operational strength – RC’s FY’24 results in April confirmed our expectations for a strong end to the year, with the group successfully delivering €40.4m revenue (+34% yoy) and €7.3m adj. EBITDA (+45% yoy), on par with guidance. The results validated our view of strong execution throughout 2024, as mgt reported that all milestones across ongoing contracts were met within the allotted timeframe. Importantly, the performance highlighted resilient oper...
- Marios Bourazanis
- Stamatios Draziotis CFA
Real Consulting | Visibility on mid-term growth remains clear; stay th...
On track for >40% yoy EBITDA growth in 2024e – Following a very robust H1’24 (revenues +43%, EBITDA +40%), we anticipate an equally strong H2’24 performance from RC, expecting the group to continue capitalizing on its SaaS transition initiative and the securing of new installation contracts. Based on the project pipeline, we expect H2 top line to be driven by private sector contracts, in line with the H1 trend. We project H2’24 revenues at €19.6m (+19% yoy) and EBITDA at €4.1m (+46% yoy), corres...
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