Its administration Alter Ego Media He held today Wednesday (23.4.2025) the annual information of analysts about the financial results of the year 2024, in the Hermes Hall of the Athens Stock Exchange.
Speakers of the presentation were Alter Ego Media CEO Yiannis Brentzos and Giorgos Karamanolakis, General Manager of Financial & Operational Operations.
The results for the use of 2024 were presented by the administration, which showed strong profitability and high cash flows.
Basic points:
1. Economic performance
- The turnover stood at € 124.4 million, with an increase of +14.8%.
- EBITDA amounted to EUR 46.7 million with annual growth +37.4%, expanding the margin by 620 basis points
- EVIT operating profitability increased to € 17.1 million, marking a noticeable growth of 108.7% on an annual basis.
- Net profitability amounted to 10.9m euros, reaching an increase of 180%.
Regarding the cash flows, the Group recorded consolidated operating cash flows of around 50m euros, which funded significant investments and formed clearly € 5.43 million.
2. Dividend policy
Alter Ego Media’s chief executive stood by the proposed to the General Assembly. Dividend of EUR 0.10 per share for the use of 2024, which sets a 2.4% dividend performance based on yesterday’s closing price, noting that this distribution corresponds to 52% of consolidated net profits of the year.
On the proposal of the Board of Directors For the adoption of an optional dividend reinvestment program, which will give shareholders the right to reinvest their dividend in the company’s shares, Mr Brentzos said that the Board of Directors. It evaluated the recent introduction of the company to the ATHEX, the expression of significant interest by over -disclosure of the preceding public offering and was, in its opinion, a vote of confidence of investors in the company’s prospects.
The program will be three years and the highest amount of EUR 30 million which corresponds to about 13% of current capitalization. The dividend reinvestment program provides flexibility to the administration to increase the future payout ratio. The amount of the dividend reinvestment program, if approved by the General Assembly, is an indication of the company’s future dividend policy based on today’s data.
3.
The raised funds from the successful public registration of Alter Ego Media and the import of its shares in the ATHEX of approximately € 50.8 million will be allocated by the company to finance its investment program, which includes:
- Acquisitions and participation in third parties and investments in Alter Ego Ventures SA,
- Investments in technology and
- Content production and obtaining copyright rights of audiovisual content.
4. Expectations for 2025
The company expects 5 to 7% organic growth of its revenue, while operating expenses as a percentage of turnover are estimated to decline by improving the EBITDA margin.
The rationalization of investment in content after a period of high investment and the reduction of net financial costs is estimated to lead to a further significant increase in EBIT and net profitability.
The combination of functional profitability and normalization of capital expenditure is expected to further strengthen the free cash flows produced by the Group, creating additional visibility to strengthen rewards to shareholders.
Finally, the results of the Group are expected to be further strengthened through acquisitions by the use of the chapters.
5. Alter Ego Ventures
Concerning Alter Ego Ventures ‘investment in Couch Heroes, Mr Brentzos said that the purpose of Alter Ego Ventures’ corporate investment scheme is the investment in companies with strong growth prospects and significant synergies with the Group’s activities.
This investment looks forward to the significant opportunities for the development of the egaming sector and the creation of synergies with the other activities of the Group, such as the creation of channels of communication with the Greek gaming community and the creation of specialized content that is addressed to it. “We believe in the philosophy of Couch Heroes and we want to contribute to a new cycle of electronic games in Greece,” Mr Brentzos said.