Audius SE Reports Positive Momentum and Strong Order Intake in H1 2024

In the first half of 2024, audius SE has shown an increase in total operating performance, reaching EUR 40.4 million compared to last year's EUR 38.6 million. EBITDA, however, declined to EUR 3.2 million from EUR 4.4 million last year. Despite investments, the second quarter saw a solid result, particularly with a 15% increase in total operating performance and an 88% rise in EBITDA compared to the first quarter.

The second quarter itself posted a total operating performance of EUR 21.6 million, 13% higher than the previous year, with EBITDA matching the previous year's level at EUR 2.1 million. Gross profit remained steady at EUR 30.5 million due to increased upfront expenditures.

New orders have led to a record order backlog of EUR 80.2 million, reflecting expected organic growth. The Management Board has adjusted its forecast, now expecting total operating performance to be slightly below EUR 85 million and EBITDA to range between EUR 7.0-7.5 million for the year.