MUNIC’s 2024 Half-Year Results in Progress

Embedded technology specialist MUNIC reported stable gross margin despite a 30% drop in revenue. Gross margin increased to 36.1%, mainly driven by increased Services sales.

Revenue for the first half of 2024 stands at €4.4 million, down from 2023, affected by a difficult economic environment. However, the share of Services, with a higher margin, now represents 24%. of turnover.

MUNIC recorded a slightly positive adjusted EBITDA at +€57K, improving its profitability. The company also obtained a €3M grant for its EKKO Drive project.

Cash available as of June 30, 2024 amounts to €2.7 million, compared to €0.6 million at the end of 2023. The reduction in net financial debt to -€2.5 million compared to -€5.5 million shows a significant improvement in the financial structure.

Despite economic challenges, MUNIC continues to innovate and plans to launch new products, confirming its commitment to technological development and sustainable growth.