Vantiva SA reported QQ4 2024 revenue of EUR 430.5 million, marking a year-over-year decline of approximately 16.97% from the prior-year quarter. Despite the revenue contraction, the company delivered a meaningful improvement in gross margin to 17.42% (EUR 75.0 million gross profit on EUR 430.5 million revenue) and posted EBITDA of EUR 43.0 million (about 10.0% EBITDA margin) as cost structures and product mix influenced profitability. However, net income remained negative at EUR -57.5 million for the quarter, with a net income margin shown as -13.36%. The discrepancy between pre-tax profitability and reported net income in the data suggests the presence of unusual or non-operating charges that warrant closer scrutiny for quality of earnings. Free cash flow was positive, with operating cash flow of EUR 25.0 million and free cash flow (FCF) of EUR 24.0 million, after modest capital expenditure of EUR 1.0 million. The QQ4 2024 results indicate improving operational efficiency and cash generation, even as top-line growth remains challenged on a YoY basis. Investors should monitor whether revenue stabilization and ongoing cost optimization can translate into sustained profitability in FY2025 while keeping an eye on potential non-recurring charges that can distort quarterly net income.