Core Insights - HOPSCOTCH reported a gross margin of €45.7 million for the first half of 2025, with over 35% of this margin generated internationally [1][3][6] - The company's revenue for the first half of 2025 was €118.5 million, reflecting an 8.3% decrease compared to the same period in 2024 [2][3] - The gross margin decreased by 7.1% compared to H1 2024, influenced by a high comparison base from the previous year [3][4] Financial Performance - Revenue for H1 2025: €118.5 million, down from €129.3 million in H1 2024, a decline of 8.3% [2][3] - Gross margin for H1 2025: €45.7 million, compared to €49.2 million in H1 2024, a decrease of 7.1% [2][3] - The gross margin in H1 2024 had increased by 17.1% compared to 2023, creating a challenging comparison base [4] Segment Performance - The event segment experienced a significant downturn of 20.9% during the semester, attributed to the high comparison base from the Paris 2024 celebrations [5] - Consulting activities remained stable, with a gross margin of €13.3 million, consistent with H1 2024 [5] - Strategic sectors such as Hopscotch Season and Hopscotch Tourism showed strong growth, increasing by 6.7% and 14.3% respectively [5] International Growth - HOPSCOTCH now generates over 35% of its total gross margin outside France, with Europe (excluding France) and Asia being key growth regions [6] - Europe (excluding France) saw a growth of 23.4% compared to H1 2024, while Asia experienced a 17.1% increase [6] Future Outlook - The company aims to maintain a similar level of activity to that of 2024 despite the unfavorable comparison base and the absence of the Paris Motor Show in 2025 [7] - HOPSCOTCH reaffirms its long-term growth ambitions, leveraging its strong reputation and successful involvement in the summer 2024 sports celebrations [7]