ODIOT HOLDING: 2024 financial results under the sign of restructuring

ODIOT HOLDING has published its accounts for the 2024 financial year, revealing a net loss of €3,590,405. Revenue was zero, primarily due to the cessation of VERGNET's service provision activities. In contrast, the subsidiary ODIOT SAS recorded revenue of €1,127,580 and net income of €129,133, reflecting a financial recovery.

The company undertook major changes in 2024, with a change in shareholding, with AMC UPLIFT HIGH YIELD EUROPEAN GROWTH now holding 63.21% of the capital. Measures were also taken to reduce debt and simplify the group's structure.

ODIOT HOLDING plans to focus its efforts on its subsidiary ODIOT SAS, investing in its manufacturing facilities and anticipating increased production margins. The promising order book and recent strategic investments should support future growth.