on I2S (EPA:ALI2S)
I2S: Results for the first half of 2024
i2S reports results in line with expectations for the first half of 2024. Revenue amounts to €8,813K, marking an increase of 8.4% compared to the previous year. This increase is driven by the DigiBook, Orphie and Twiga activities.
Gross margin reached €4,711K, up €642K, despite a stability in added value at 39.1% of turnover. General expenses fell to 11.6%. Personnel costs increased by 23% due to the full accounting of Twiga's workforce and strategic recruitment.
However, gross operating surplus decreased to €237,000 (2.7% of turnover), compared to €339,000 in the first half of 2023. The negative financial result, due to the depreciation of BASLER France shares, impacts the net result, which comes to -€330,000.
Forecasts remain optimistic for the end of the financial year, with growth prospects supported by the DigiBook and Orphie activities.
R. P.
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