DÉKUPLE Achieves Strong Financial Performance in 2024
DÉKUPLE Achieves Strong Financial Performance in 2024
Solid Full-Year Results for 2024 Despite Strategic Investments
- Net sales: €218m (+ 9.1%)
- Gross margin: €169m (+ 4.8%)
- EBITDA margin: 13.9% of gross margin
- Net income (Group share): €10.1m, representing 6.0% of gross margin
- Proposed dividend: €0.76 per share
- Development aligns with the Ambition 2025 plan
ADLPartner, the parent company of DÉKUPLE, has reported impressive full-year results for 2024.
Bertrand Laurioz, Chairman and CEO of DÉKUPLE, stated, “2024 was a positive year for our Group despite the challenges in the economic landscape. Political and fiscal uncertainties made many businesses hesitant in their marketing investments. However, our expertise in Artificial Intelligence and strong technological foundation allowed us to sustain our competitive advantage and continue along our growth roadmap.”
DÉKUPLE's net sales saw a remarkable increase of 9.1%, primarily due to a significant rise in Digital Marketing activities, which contributed 65.6% to total sales, compared to only 36.5% in 2020, with their gross margin up by 15.8% year-on-year. Despite heightened investments, the group's net income remained solid at €10.1m, demonstrating the relevance of its offerings and the robustness of their strategic transformation. DÉKUPLE benefits from a sound balance sheet, with approximately €55m in shareholders’ equity and €58m in gross cash. The ongoing investments for external growth align with effective financial management, allowing the company to maintain a positive net cash position and secure resources essential for sustainable development.
Looking forward to 2025, the group is optimistic, believing that digitalization and data utilization in businesses will continue to accelerate. The focus remains on building profitable growth driven by digital marketing, which is becoming increasingly vital to their business model.
Strategic Growth Initiatives
DÉKUPLE's strategy focuses on sustained organic growth through targeted acquisitions across Europe. The company is also enhancing its innovative capabilities by leveraging its technological expertise, especially through the platformization of its services.
Furthermore, DÉKUPLE is committed to its societal and environmental responsibilities by promoting employability, training, responsible consumption, workplace wellness, and diversity, living up to its values as a substantial European entity with over 1,000 employees.
In the process of finalizing the Ambition 2025 plan, which aims to solidify their position as a leader in European data marketing and communication, DÉKUPLE is also preparing for the Horizon 2030 initiative, which will define their vision and long-term goals, focusing on enhancing their creative and technological leadership to aid brand transformations.
Key Developments in 2024
Throughout 2024, DÉKUPLE made significant progress with the ramp-up of its BtoB Digital Marketing activities, representing 65.6% of consolidated net sales compared to 60.0% previously. This growth is bolstered by consulting developments, enhanced marketing solutions, international expansion, and new expertise acquisitions, including the full-year contribution from Le Nouveau Bélier and integrations of Ereferer, GUD.Berlin, and Coup de Poing. Organic growth in their Digital Marketing area recorded a robust increase with a gross margin rise of 7.4%, exceeding market averages.
The positive performance in Digital Marketing helped mitigate slowdowns in BtoC activities, which are actively pursuing investments aimed at securing long-term clients. Despite facing a difficult consumption landscape, the Magazine sector managed to maintain its performance with only a 6.7% decline, while the Insurance division thrived due to its innovative market strategies.
2024 Earnings Overview
The consolidated net sales for DÉKUPLE totaled €217.8m, reflecting a 9.1% increase from the previous year, while the gross margin grew by 4.8% to €169.0m. Despite sustained investments, adjusted EBITDA stood at €23.6m, corresponding to 13.9% of the gross margin. Income from ordinary operations reached €16.4m, while EBIT registered at €14.1m, impacted by certain non-current expenses.
After a tax expense of €4.6m, consolidated net income amounted to €10.3m, reflecting a decline of 19.8% from 2023, with a net margin rate of 6.1%. After accounting for minority interests, the net income attributable to the group was €10.1m, a decrease from €12.4m the previous year.
Future Outlook and Dividend Proposal
DÉKUPLE continues to pursue its strategy of reinforcing its leading position in European data marketing and communications under uncertain economic conditions. The Group is making careful investments in their Magazine and Insurance sectors to develop consistent revenue streams while amplifying their Digital Marketing efforts through organic growth and strategic acquisitions. DÉKUPLE remains vigilant to monitor market changes, exploring new growth avenues to enhance their capabilities further.
Considering the successful results achieved in 2024 and planned investments for 2025, DÉKUPLE’s Board of Directors intends to propose a dividend of €0.76 per share for financial year 2024 during the General Shareholders’ Meeting.
Frequently Asked Questions
What are DÉKUPLE's financial highlights for 2024?
DÉKUPLE reported net sales of €218m, a gross margin of €169m, and a net income of €10.1m.
How has DÉKUPLE's Digital Marketing segment performed?
The Digital Marketing sector grew significantly, now making up 65.6% of total sales with a 15.8% increase in gross margin.
What initiatives are included in DÉKUPLE's future plans?
DÉKUPLE is focused on expanding its digital offerings and enhancing its societal commitments while implementing the Ambition 2025 and Horizon 2030 plans.
What dividend is proposed for shareholders?
For the fiscal year 2024, a dividend of €0.76 per share is proposed to be voted on by the Board.
How does DÉKUPLE address economic challenges?
DÉKUPLE adapts its strategies with careful investment and a focus on organic growth, maintaining a strong financial foundation.
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