LLYC posts net profit of €9 million in 2024, up 7.2%

Core Insights - LLYC reported a net profit of €9 million in 2024, marking a 7.2% increase from the previous year, with revenues and operating income rising by 19% to €115.5 million and €93.1 million respectively, setting new records for the company [1] - The firm maintained a strong financial position with €9.1 million in cash and a net debt of €26.1 million, which is 1.5 times EBITDA [2] - In 2024, 59% of operating revenues and 75% of recurring EBITDA were generated from the Corporate Affairs segment, while Marketing contributed 41% and 25% respectively [3] Financial Performance - Recurring EBITDA grew by 3% to €17.4 million, aligning with the company's updated forecasts [1] - Between 2020 and 2024, LLYC's revenues multiplied by 2.6 and EBITDA by 2.1 [1] - The company increased shareholder remuneration by 30%, distributing €0.172 per share, totaling €2 million [2] Market Expansion - The United States has become LLYC's second-largest market following the acquisition of Lambert, with significant expansion along the East Coast and Midwest [4][5] - LLYC invested a record €30 million in three strategic acquisitions in 2024, enhancing its market position [4] Strategic Developments - 2024 was characterized as a transformative year for LLYC, with a focus on integrating its commercial offerings and revamping its organizational model into Marketing and Corporate Affairs [7] - The firm secured major marketing contracts with clients such as Michigan Business Development Corporation and Vodafone, showcasing its differentiated service approach [8] Innovation and Future Plans - LLYC invested €2.5 million in innovation in 2024, a 95% increase year-on-year, focusing on AI-driven solutions for digital advertising [11] - The company has laid solid foundations for future growth and aims to develop a new three-year strategic plan amid market uncertainties [10]