Vantiva - Third Quarter 2024 Revenue
Press release
Third quarter 2024 revenue
Sales up 17.1% on a reported basisIncreased contribution from "Connected Home"Slower decline for "Supply Chain Services"Continued successful integration of Home Networks activities
GUIDANCE CONFIRMED
Paris (France), November 7, 2024 - Vantiva (PARIS:VANTI) today announced its unaudited revenue for the third quarter of 2024.
The "Connected Home" business posted sales growth of 28.6% over the quarter, thanks to the integration of Home Networks and diversifications."Supply Chain Services" sales fell by 11.9% over the quarter.
Group sales totaled €554 million for the quarter, up 17.1% (+19.4% at constant exchange rates).
"Connected Home" contributed €436 million, an increase of 28.6% (+31.4% at constant exchange rates). This amount includes a contribution of €26 million from diversification activities that did not contribute in 2023.
The contribution from "Supply Chain Services" totaled €118 million, down 11.9% (-10.9% at constant exchange rates).
The integration of Home Networks activities continued according to plan.
The 2024 guidance (EBITDA and FCF1) is confirmed
1 after interest and taxes and before restructuring costs
I- Q3 and 9M 2024 revenues
Q3
9M
In millions of euros, continuing operations
2024
2023
Change at current rate
Change at constant rate
2024
2023
Change at current rate
Change at constant rate
Sales figures
554
473
17.1%
19.4%
1 557
1 511
3.1%
4.1%
Q3 2024 Highlights Demand for telecom equipment was further impacted by the reduction in investment programs by major operators and the need to reduce inventories. In addition, the geopolitical environment and the threat of strikes at US East Coast ports led to longer delivery times.The "Supply Chain Services" business was impacted by the slowdown in consumption in North America. On the other hand, demand for optical disc held up better than expected.
OutlookThe successful integration of Home Networks activities and the speed with which we have streamlined our operations have enabled us to confirm our guidance for 2024.
EBITDA > 140 million euros
FCF(1) > 0 million euros
1 after interest and taxes and before restructuring costs
II- Sector review for the third quarter and first nine months of the year Connected Home
Breakdown of revenues by product