Business
IRCE S p A : FY 2024 Financial Results Presentation
IRCE S p A : FY 2024 Financial Results
About this update from Irce S.p.a.
[{"type":"text","content":"FY 2024 Financial Results Presentation\n IRCE Group - Contents\n Company Profile\n Financial Results\n New Projects\n •Highlights\n •The Businesses\n •Production Plants\n •Copper and Aluminium Price Trend\n •Profit and Loss Statement\n •Balance Sheet\n •Business Performance\n •Market Performance\n Company Profile - Highlights\n IRCE is a leading European Group operating in the industries of magnet wires and cablesIRCE Today\n Uom\n FY 2024\n FY 2023\n Number of employees FTE\n Nr\n 681\n 671\n TURNOVER\n Eur M\n 397.7\n 402.8\n EBITDA\n Eur M\n 20.9\n 21.4\n EBITDA Adj*\n Eur M\n 21.4\n 21.5\n EBIT\n Eur M\n 14.5\n 14.4\n EBIT Adj*\n Eur M\n 15.0\n 14.5\n RESULT of the period\n Eur M\n 6.9\n 8.2(*) Including gains/losses on copper and energy derivatives transactions if realized\n History\n 1947\n 1961\n 1996\n IRCE began its activity in Imola (Italy) with the production of magnet wires The company started the production of PVC insulated low voltage cables The Group was listed on the Italian Stock Exchange\n 1998\n 2001\n Acquisition of Smit Draad Nijmegen BV (The Netherlands) Acquisition of FD Sims Ltd (UK)\n 2001\n 2007\n The Group was listed on the Star Market Segment Construction of Brazil Plant\n 2007\n 2010\n 2015\n Acquisition of Stable Magnet Wire P. Ltd (India) Acquisition of ISODRA GmbH (Germany) New sales office in Poland\n 2018\n 2021\n Established the Companyin China Established the Company in Czech Republic\n 2022\n 2023\n June 30, sold the branch of the company for the production of power cables located in Miradolo Terme Italy Start the construction of plant in Czech Republic\n 2024\n Start the construction of plant in China\n Company Profile - The BusinessesIRCE Group works in two business areas:\n • Magnet wires 80% of sales\n • Energy cables 20% of salesSales breakdown by business areas\n Sales breakdown by geographical area\n Energy cablesMagnet Wires\n 20%\n 80%\n Company Profile - The Businesses\n Magnet Wires\n Magnet wires, also known as winding wires or enamelled wires, have multiple applications such as electric motors, generators, transformers, compressors, inductors, relays, solenoid valves, etc. The wire is insulated through the application of many layers of enamels by means of highly sophisticated processes and machines, which demand high levels of investments and large scale of productions.\n Energy ...