Investing.com – Shares of Vorwerk Group SE rose 3% today after the company announced a 59% increase in sales year-on-year (YoY) and a significant improvement in the EBITDA margin.
The company’s recovery in the project business throughout 2024 has led to revenues expected to exceed 495 million euros and a preliminary EBITDA of 80 million euros for the fiscal year 2024, which is 23 % in front of the consent of financial services of 65 million euros.
The German company, known for its premium home appliances and efficient project business solutions, reported an EBITDA margin of 19.4%, an increase of 11 percentage points YoY. This is the first time since its initial public offering that Vorwerk Group SE has achieved double-digit operating margins, signaling a strong turnaround in its financial performance.
Liquidity and cash equivalents as of December 31, 2024, was 177 million euros, which is an impressive increase from the 59 million of the previous year, adding 118 million of the company’s reserves. In addition, net liquidity at the end of the year was reported at €154 million, compared to €42 million the year before, highlighting the company’s solid financial position.
Investors are now turning their attention to the future of the company, with analysts at Jefferies commenting: “The focus will now be on guidance for FY25 which we expect with final results on March 31.”
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2025-01-16 10:38:00
