on INFOTEL (EPA:INF)
Infotel Announces H1 2024 Results with Strong Operating Profitability
Infotel (ISIN: FR0000071797), a leading digital transformation partner in Europe, has published its H1 2024 financial results. The company reported consolidated revenue of €149.2 million, down 5.9% from H1 2023. The Services segment accounted for €143.4 million, while the Software segment remained stable at €5.8 million.
The current operating profit stood at €11.7 million, representing a 7.8% margin, albeit down from 9.2% a year prior. Net income was €8.0 million, a 15.7% decrease compared to H1 2023. Personnel expenses increased by 5.3%, and external costs decreased by 12.8%.
Despite a challenging environment, Infotel maintains a strong balance sheet with €112.8 million in equity and €85.8 million in cash. The company expects a business recovery in H2 2024, driven by new project signings, commercial successes for Orlando software, and growth in North America.
R. P.
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