ABO-GROUP - Half Year Results 2024

Ghent, 19 September 2024 – 6.30 p.m. CET – Press release / regulated information

Highlights of the first half of 2024

• ABO-GROUP can once again present a double-digit growth - 14.3% growth due to the integration of the Belgian acquisitions from the second half of 2023, the acquisition of Eau & Perspectives in France in early 2024 and an organic growth of 4.2%
• Operating margins in line with the first half of last year as strong performance of the geotechnical activities in Belgium and the Netherlands is partly offset by challenges in the geotechnical and monitoring activities in France
• A strong balance sheet and cash flow support the further expansion of ABO-GROUP

Outlook

• The integration of the French acquisitions Odace and Soltech, the Belgian Demey INFRAbureau and the Dutch Eco Reest will contribute to the continuous expansion of the specialisms within the group
• The second half of the year presents a positive outlook with the expected recovery in geotechnical and mining activities

ABO-GROUP remains on track to achieve revenues ranging between €95 and €100 million this year

Frank De Palmenaer, CEO of ABO-GROUP Environment: “The acquisitions from 2023, the recovery of the geotechnical market in the Netherlands and the further development of our environmental activities ensure that we can again report strong growth, despite the declining demand for geotechnical surveying and monitoring in France halfway through this year. We thereby continue to focus on acquiring specialised knowledge and expertise, with a view to gaining a technical leadership position within the market. By means of targeted acquisitions, we aim to create a climate of interaction within our group of companies that is rich in cross-fertilisation, mutual inspiration and bold innovation.
Building further on this strategy, we have already acquired five companies this year. The integration of these companies will contribute to the continuous expansion of our knowledge and expertise. For example, Demey INFRAbureau will actively pursue the further development of our digital infrastructure services in collaboration with MEET HET, which was acquired last year. Based on all these aspects, we are fully confident in our continuously growing capacity to provide tailor-made solutions to the increasingly complex demands from the market.”