Financial information

Half-Year Financial Report 2024:  Lamor’s strengthened strategic position supports growth in the Middle East – order book turns to growth

April–June 2024 in brief 

• Revenue was EUR 27.1 million (33.8), a decrease of 19.7% from the comparison period
• EBIT was EUR 1.3 million (3.7) or 4.8% of revenue (10.8%), a decrease of 64.5%
• Adjusted EBIT was EUR 1.4 million (3.7) or 5.2% of revenue (11.0%), a decrease of 62.4%
• Net cash flow from operating activities was EUR +1.8 million (+1.1), an increase of 66.8%
• Earnings per share (basic) was EUR -0.02 (0.09)
• Orders received was EUR 69.3 million (9.6), an increase of 619.9%

January–June 2024 in brief

• Revenue was EUR 51.0 million (56.7), a decrease of 9.9%
• EBIT was EUR 1.7 million (3.8) or 3.3% of revenue (6.7%), a decrease of 55,8%
• Adjusted EBIT was EUR 1.9 million (3.9) or 3.7% of revenue (6.9%), a decrease of 52.2%
• Net cash flow from operating activities was EUR -11.3 million (-7.7)
• Earnings per share (basic) was EUR -0.03 (0.07)
• Orders received was EUR 85.3 million (20.4), an increase of 317.1%
• Order backlog at the end of the period amounted to EUR 159.1 million (163.0)

Guidance for 2024

In accordance with the guidance published on 16 February 2024, Lamor estimates that its revenue for the financial year 2024 will be at least at the same level as in 2023 (2023: EUR 122.5 million). Due to the uncertain market situation and uncertainty regarding the schedule of large tenders, Lamor does not provide guidance for profitability.