Avemio AG Faces Decline, But Anticipates Growth in Digital Segment

Avemio AG, a media technology company, reported an 11.4% drop in sales for the fiscal year 2024, with sales declining to €87.86 million from €99.15 million in the previous year. The decline was attributed mainly to reduced sales in its retail segment, while its digital segment saw significant growth. Sales in the digital area rose following the acquisition of MoovIT/MSP in 2023. However, the overall sales decline led to a decrease in EBITDA to €-0.93 million from €-0.05 million the previous year.

The past year also saw Avemio's earnings after taxes fall to €-6.54 million due to goodwill amortisation. Despite these financial challenges, Avemio's executive board anticipates a recovery in investment interest from customers and expects the digital segment to grow, particularly in the second half of 2025. This optimism is driven by the planned launches of Cara.One and helmut.cloud. The company forecasts slight sales growth in 2025 and targets a €15.00 share price, earning a 'BUY' rating from GBC AG.