Interim report
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HighCo INTELLIGENT MARKETING Aix - en - Provence , 25 August 2021 ( 6.00 p.m. ) HIGHCO : RETURN TO BUSINESS GROWTH IN H1 2021 AND STRONG GROWTH IN HALF- YEAR EARNINGS ; 2021 GUIDANCE OF OPERATING MARGIN REVISED UPWARDS ( FROM > 17 % TO > 19 % ) Return to business growth in H1 2021 ■ ■ Q2 2021 gross profit of € 19.21 M , up 8.1 % on a reported basis and LFL1 . H1 2021 gross profit of € 37.8 M , up 5.1 % on a reported basis and LFL1 . Business growth in France ( H1 up 4.9 % LFL ) and in International business ( H1 up 5.9 % LFL ) . Digital businesses grew slightly ( H1 up 1.5 % LFL ) with a very favourable comparative base for offline businesses ( H1 up 12.2 % LFL ) . Earnings and profitability showing strong growth Adjusted headline PBIT2 of € 9.5 M , up 24.1 % . ■ Adjusted operating margin² of 25.1 % , with a sharp increase of 380 basis points . ■ Adjusted attributable net income of € 5.87 M , with a sharp rise of 38.5 % . Financial position remains strong ■ Operating cash flow of € 9.57 M , up 15.1 % . Net cash excluding operating working capital of € 11.14 M at 30 June 2021 , down € 2.29 M compared to 31 December 2020 . 2021 Guidance Slight organic growth in H2 2021 gross profit . ■ Adjusted operating margin² revised with a significant increase from more than 17 % to more than 19 % . 1