Invibes Advertising: Half-Year Results 2024

Invibes Advertising, specialising in digital advertising technology, has released its half-year results for 2024. The report highlights a slight decline in consolidated sales by 3%, despite a 16% international growth. The company posted sales of €11.7 million, down from €12.1 million in the first half of 2023. French market challenges have negatively impacted overall sales, but a reorganisation aims to rectify this in the second half of the year.

Internationally, scale-up markets like the UK and Germany saw significant growth of 55%. Invibes is expanding its global footprint with new offices in the USA, Singapore, and upcoming openings in Mexico.

Strategic investments, including targeted recruitment and the development of vertical solutions integrating AI, have impacted EBITDA. The company recorded a net loss of €2.6 million. Despite this, strong EBITDA growth was observed in scale-up countries, hitting 15% of sales.

With a net cash position of €9.4 million, Invibes positions itself for future growth. The company anticipates a significant EBITDA improvement in the second half of 2024.