Results for the first half of 2024: Half-yearly Operating Margin: 8.1% - Net Income Group Share stable: EUR 16.9 million - Net cash flow generated by the activity: +EUR 21 million

Aubay showed notable resilience in the first half of 2024, with revenue of €272.3 million, down slightly by 0.9% compared to the same period in 2023. The operating margin on activity stood at 8.1%, compared to 8.9% the previous year, impacted by an unfavorable calendar effect, but expected to improve in the second half.

Operating income fell by 8.4%, reaching 20.8 million euros. However, net financial income benefited from a strong increase, reaching 1.7 million euros thanks to the increase in financial interests and the capital gain on Micropole shares.

The stability of the net result attributable to the group remains at 16.9 million euros, representing 6.2% of turnover. The Board of Directors proposes an interim dividend of €0.5 per share for 2024.

Aubay's net cash position grew by 14.9%, reaching €95.9 million as of June 30, 2024, after dividend payments and share buybacks. The outlook for the second half of 2024 remains stable, with organic growth expected to be between 0 and 3% and an operating margin of between 8.5% and 9.5%.