on NETMEDIA GROUP (EPA:ALNMG)
NetMedia Group: Return to profitability in 2024
NetMedia Group closed its 2024 financial year with consolidated revenue of €20.30 million, a decrease of €2.87 million compared to the previous year. Despite this decrease, the group returned to operating profitability, recording a positive EBITDA of €0.26 million, compared to a loss of €1.70 million in 2023. This improvement is mainly due to the optimization of operating costs, which were reduced by 19%.
Net profit improved significantly, reaching €1.72 million, compared to €4.70 million in 2023. The group's balance sheet was strengthened thanks to a capital increase, bringing shareholders' equity to €0.59 million. The company plans to continue its development, notably by integrating artificial intelligence.
R. H.
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