MEMSCAP 2024 Half-Year Report: Moderate Progress

MEMSCAP, a company specializing in avionics, medical and optical communications, announces half-yearly revenue of 7.3 million euros in 2024, up 3% compared to 2023. The avionics sector, the main contributor, shows an increase of 8%, reaching 4.9 million euros. Revenues from medical sales are stable, while optical communications show a slight decline.

The gross margin for this period is 2.9 million euros, or 40.4% of turnover. The operating result, slightly down, stands at 0.9 million euros. The company records a net profit of 1.0 million euros, compared to 1.1 million last year.

Net cash amounts to EUR 4.5 million as of June 30, 2024. MEMSCAP continues to implement its growth plan, despite a reduction in adjusted EBITDA to EUR 1.4 million.

No significant events were noted during the semester. The forecasts remain optimistic, with an average annual growth outlook of 20% until 2026.