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on M2I (EPA:ALMII)

M2i - Drop in activity in the 2nd quarter of 2024

Stock price chart of M2I (EPA:ALMII) showing fluctuations.

M2i recorded a decline in activity in the second quarter of 2024, in line with expectations. The company's turnover stood at €14.8 million, down 13.7% compared to the same period in 2023. This decrease is explained by a month of May loaded with public holidays and an unfavorable basis of comparison.

Despite this decline, M2i was awarded by Red Hat, a subsidiary of IBM, as "Training reseller of the Year" for Southern Europe. This distinction underlines M2i's leading position in France and Southern Europe in the field of Open Source training.

M2i remains confident about its future prospects in the IT, Digital, Management and Soft Skills sectors. However, it remains vigilant in the face of an uncertain economic context and focuses on improving its operational profitability.

The results for the first half of 2024 will be published no later than October 31, 2024, after the close of trading.

R. E.

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