Novem Group S.A.: Impacted Half-Year Results Amid Challenging Market Conditions

Novem Group S.A. announced its half-year results for 2024/25, reflecting challenges in the current market landscape. The company reported a revenue decrease of 19.5% to €279.5 million compared to the previous year. Adjusted EBIT also fell by 31.1% to €26.2 million, indicating a tough business environment.

The decline primarily resulted from weak demand in Europe and Asia, with European revenues dropping by €28.4 million year-over-year. Conversely, the Americas saw a slight increase of €3 million. In Q2 2024/25, Adj. EBIT was €12.0 million, with a margin of 8.6%. Despite improved input costs, model changes and a disadvantageous product mix affected results.

Free cash flow plummeted to €3.6 million due to reduced operating cash flow. Meanwhile, capital expenditure remained steady at €4.5 million, focusing on growth investments. The company's net financial debt increased to €169.5 million, pushing the net leverage ratio to 1.9x Adj. EBITDA.