on MUNIC (EPA:ALMUN)
MUNIC Financial Results for 2024
MUNIC, a specialist in embedded automotive technologies, has published its annual results for 2024. Revenue stood at €9.5 million, down 36% compared to 2023. This decline was due to a challenging market environment, marked by deferred orders and weak vehicle sales in France. However, gross margin increased to 43.0%, thanks to an increase in service and subscription sales.
Despite challenges, adjusted EBITDA climbed to 14.0%, benefiting from strict cost management. Net financial debt was reduced by €2.4 million. The outlook for 2025 is positive, with a strong increase in the order book and improved commercial visibility, giving hope for business growth.
R. E.
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