Paris, January 13, 2025
Upward Revision of Growth and Results Forecasts for Fiscal Year 2024
- Expected revenue growth above 35%
- Operating margin target around 15%
- Net margin anticipated to exceed 14%
MGI Digital Technology (FR0010353888 ALMDG) announces an upward revision of its growth and results forecasts for fiscal year 2024. As anticipated, the Group is expected to deliver remarkable performance, confirming the strength of its business model and the benefits of its strategy.
In terms of activity, growth is expected to exceed 35%, with anticipated revenue surpassing €65 million. Following a 6.3% increase in the first half, this projected growth underscores the acceleration of activity in the second half. During the latter part of the year, the Group benefited from strong momentum: the transformation of post-DRUPA orders, the integration of ALTIX, and the signing of a global licensing agreement worth €10 million as part of a patent defense initiative.
Beyond activity, these positive factors will also drive the year's results. The operating margin is expected to reach approximately 15% of revenue, while the net margin should exceed 14%. These results will further strengthen the Group's financial position, which, as a reminder, was supported by net cash exceeding €20 million as of the end of June 2024.
These factors enable MGI Digital to approach fiscal year 2025 with renewed confidence. Thanks to excellent execution of its commercial strategy and targeted investments in innovation and industrialization, the Group now relies on a portfolio of globally recognized solutions in Industrial Printing. Furthermore, its diversification into Printed Electronics markets provides promising opportunities in new, rapidly expanding sectors.
Edmond Abergel, Chairman of MGI Digital Technology, stated:
"Our success in fiscal year 2024 demonstrates our ability to meet the growing demand for increasingly advanced technological solutions tailored to the challenges of the professional digital printing market. In this sustainably promising market, we have positioned ourselves as a leading global player through a continuous innovation strategy closely aligned with the needs of our clients. We are now ready to continue along this path of growth and improved results."
Contacts :
SEITOSEI ACTIFIN
Stéphane RUIZ
Tel: +33 1 56 88 11 11
E-mail:stephane.ruiz@seitosei-actifin.com
MGI Digital GraphicEdmond Abergel
Chairman
Tel: +33 1 45 21 06 60
E-mail: edabergel@mgi-fr.com
www.mgi-fr.com