Avemio AG Publishes Half-Year Report 2024

Frankfurt/Main, 30 September 2024 – Avemio AG, a key player in the media technology sector, released its 2024 half-year results. The company faced economic and industry-specific challenges, with consolidated revenue dropping to EUR 44.7 million from EUR 49.7 million the previous year. Despite this, the gross profit margin improved from 17.6% to 18.4%, thanks to the consolidation of MoovIT companies.

Total personnel costs and other operating expenses increased, leading to a decrease in EBITDA to EUR -1.7 million, down from EUR 1.0 million. Cost-reduction measures initiated the prior year are anticipated to yield benefits in the latter half of 2024.

As of 30 June 2024, Avemio's equity stood at around EUR 23.6 million, with an equity ratio of about 44%. The company’s cash reserves of EUR 2.8 million provide a solid foundation for future expansion. Avemio's strategy includes organic growth, targeted acquisitions, and in-house digital developments.

CEO Ralf P. Pfeffer emphasized the company’s efforts to adapt to market changes early, aiming to enhance efficient structures and processes, and pursue international growth through acquisitions.