on OPMobility (EPA:OPM)
OPmobility Reports Strong H1 2024 Earnings Growth
Paris, July 23, 2024 – OPmobility reported solid earnings growth for the first half of 2024. Economic revenue increased by 2.1% to €5,939 million, outperforming the market by 3.8 points. The United States was the top contributor to this growth.
The company's operating margin rose by 12% to €234 million, driven by historical businesses. Net result remained stable at €100 million, despite higher financial expenses due to rising interest rates. Free cash flow generation improved to €157 million, up 14.6% from H1 2023.
OPmobility confirmed its yearly objectives and continued efforts towards carbon neutrality. They distributed an interim dividend of €0.24 per share. The reduction in net debt to €1,491 million highlights strong financial health.
R. P.
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