on CIS (EPA:CTRG)
CIS Reports Strong 2024 Financial Performance and Positive 2025 Outlook
CIS reported significant growth in its 2024 financial results, with revenue increasing by 36% at constant currencies (CC) to €443.5 million, surpassing the €400 million milestone. Net income rose sharply by 146% at CC, reaching €8.3 million. This impressive performance was driven by new contracts in regions like Kazakhstan, Côte d'Ivoire, and Algeria, as well as improved currency market conditions.
Despite some geographical challenges, earnings continued to rise. EBITDA doubled to €30.6 million, showcasing enhanced profitability measures and contractual escalations. The fiscal health also remains solid, with shareholders’ equity at €68.1 million.
Looking ahead to 2025, first-quarter revenue saw a 29% increase at CC. A dividend of €0.175 per share is proposed for 2024, reflecting confidence in continued growth and strategic expansion. As CIS plans for more moderate growth, potential acquisitions could further bolster its service offerings and geographical reach.
R. P.
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