on VANTIVA (isin : FR0013505062)
Vantiva - First Half 2024 Results
Vantiva has announced its first half 2024 results, showing a revenue of €1,004 million, down 3.4% from H1 2023. Adjusted EBITDA also dropped significantly to €23 million from €49 million last year. Despite these declines, the company’s free cash flow showed improvement, with a positive €14 million before restructuring costs.
The decrease in revenue is largely due to a slowdown in the Connected Home segment and lower demand from operators. However, the integration of Home Networks has helped mitigate some of these impacts. Supply Chain Solutions (SCS) saw a 10.9% revenue decline but growth in new activities helped cushion the effect.
Vantiva also confirmed its guidance for 2024, forecasting an EBITDA greater than €140 million and positive free cash flow. Interim CEO Lars Ilhen will take over following the retirement of Luis Martinez Amago.
R. P.
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