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Kerlink Earnings Release 2024
1460_iss_2025-01-30_be7ce294-20fd-4399-93a5-6264db4c21b5.pdf
Earnings Release
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2024 revenue
Performance below expectations despite an encouraging fourth quarter
Recovery in order intake at the end of the year
2025 target: return to growth
PRESS RELEASE
Thorigné-Fouillard, France – 30 January 2025, 6 p.m.
Kerlink (AKLK FR0013156007), a global provider of solutions dedicated to Internet of Things (IoT), today published its annual revenue for 2024.
Performance below expectations... but very positive signs in the second half
Sales in 2024 amounted to €11.7m, compared with €13.7m in 2023, below the initial target. In a difficult environment that weighed on investment decisions, particularly at the start of the year, Kerlink showed resilience by rethinking its market access strategy to better promote the quality of its fundamentals, particularly its expertise and know-how.
Sales activity was much more dynamic in the second half of the year, with a significant improvement in order intake, to €8.1m, compared with €4.7m in the first half (+72%).
This return to a much more positive sales dynamic began to show in sales in the fourth quarter 2024, which amounted to €3.8m, a marked improvement in value compared with previous quarters.
At the geographical level, sales in the Asia-Pacific area were more dynamic over the period, while sales in the NCSA region recorded a slower decline in the last months of the financial year.
In EMEA, the main area contributing to the Group's sales, revenue fell temporarily, with, as a reminder, Kerlink having terminated two Network as a Service (NaaS) contracts signed with companies in financial difficulty.
Annual revenue is broken down into sales of network infrastructure for 75% and sales of services for 25%.
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Growth in 2025 and profitability improvement
The Group is now looking towards 2025. Management is fully committed to ensuring the success of the Kerlink project. It has reiterated its confidence in the Group's ability to embark on a cycle of sustainable growth and improvement in its performance in 2025.
At the start of the year, Group's objectives are bolstered by:
- Favourable trends in market opportunities in all geographical areas,
- The solid order book for deliveries in 2025, which amounts to more than €8m,
- The relevance of the repositioning of sales offers in its three activities,
- The Group's positioning in a new segment in 2025: Smart Tracking & Logistics.
The Group also aims to significantly reduce its inventories.
Launch of the Track Value offering
Kerlink has announced the development of the Track Value solution as part of an industrial consortium with Europorte, the leading private rail freight operator in France and subsidiary of Getlink group.
The marketing and sales of this solution, serving the digitalisation of all types of freight activities (road, rail, air and maritime), will begin in 2025. This is the first industrial application for the freight and logistics sector to integrate data transmission via Kinéis satellite IoT connectivity.
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IFRS – Unaudited figures
| Revenue by type of sale
In thousands of euros | 2024 | 2023 | Change | Q4 2024 | Q4 2023 | Change |
| --- | --- | --- | --- | --- | --- | --- |
| Equipment | 8,773 | 9,699 | -9.5% | 3,053 | 3,747 | -18.5% |
| Services | 2,894 | 4,007 | -28% | 748 | 1,029 | -27% |
| Total | 11,667 | 13,706 | -15% | 3,801 | 4,776 | -20% |
IFRS – Unaudited figures
| Revenue by geographical area
In thousands of euros | 2024 | 2023 | Change | Q4 2024 | Q4 2023 | Change |
| --- | --- | --- | --- | --- | --- | --- |
| NCSA (Americas) | 218 | 920 | -76% | 308 | 407 | -24% |
| APAC (Asia-Pacific) | 561 | 394 | +42% | 144 | 60 | +140% |
| EMEA | 10,887 | 12,392 | -12% | 3,349 | 4,309 | -22% |
| Total | 11,667 | 13,706 | -15% | 3,801 | 4,776 | -20% |
IFRS – Unaudited figures
| Revenue by area of activity
In thousands of euros | 2024 | 2023 | Change | Q4 2024 | Q4 2023 | Change |
| --- | --- | --- | --- | --- | --- | --- |
| Private operators | 10,915 | 12,919 | -16% | 3,614 | 4,678 | -16% |
| Smart Cities & Quality of Life | 3,060 | 5,659 | -46% | 667 | 1,801 | -46% |
| Smart Building & Industry | 6,375 | 5,555 | +15% | 2,565 | 2,236 | +15% |
| Smart Agriculture & Environment | 1,479 | 1,705 | -13% | 381 | 642 | -13% |
| Historic telecoms operators | 752 | 787 | -4% | 188 | 98 | -4% |
| Total | 11,667 | 13,706 | -15% | 3,801 | 4,776 | -20% |
IFRS – Unaudited figures
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About Kerlink
Kerlink Group is one of the world's leading providers of connectivity solutions for the design, rollout and operation of public and private networks dedicated to the Internet of Things (IoT). Its comprehensive portfolio of solutions includes industrial-grade network equipment, best-of-breed network core, network operations and management software, value-added applications and expert professional services, backed by strong R&D capabilities. More than 250,000 Kerlink installations have been deployed at more than 550 customers in 75 countries. Kerlink is a founding member and board member of the LoRa® Alliance and the uCIFI™ Alliance. It is listed on Euronext Growth Paris under the symbol ALKLK.
For more information, please visit our website at www.kerlink.com.
Kerlink®, Wirnet® and Wanesy® are registered trademarks of Kerlink SA and its subsidiaries around the world and must not be used without authorisation. All rights reserved.
SEITOSEI. ACTIFIN
MAHONEY | LYLE
COMMUNICATIONS
Kerlink Contact
Presse Financière :
Actifin
Isabelle Dray
+33 (0) 1 56 88 11 29
[email protected]
Kerlink Contact Presse et
Analystes Marchés :
Mahoney Lyle
Sarah-Lyle Dampoux
+33 (0) 6 74 93 23 47
[email protected]
Kerlink Contact Investisseurs :
Actifin
Benjamin Lehari
+33 (0) 1 56 88 11 25
[email protected]
ALKLK
EURONEXT
GROWTH
Next publication
Annual Results 2024 &
Q1 2025 revenue
24 April 2025 after the market closes
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