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...