Business
SergeFerrari Group: 2024 Full-Year Results
SergeFerrari Group: 2024 Full-Year
About this update from Sergeferrari Group Sa
[{"type":"text","content":"\nRegulatory News:\n\nSergeFerrari Group (FR0011950682 – SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its consolidated full-year results for the year ended December 31st, 2024, as approved by the Supervisory Board on March 26th, 2025. These consolidated financial statements have been audited by the Statutory Auditors, whose report is currently being prepared.\n\nSébastien Baril, SergeFerrari Group’s Chairman of the Executive Board, stated:” SergeFerrari Group made significant efforts to optimize operations in the 2024 financial year to adapt as best as possible to shortened economic cycles and a complicated geopolitical environment. The Transform 2025 plan is now fully deployed and its implementation should result in increased operational efficiency in the medium term. The Group continued its efforts to optimize its working capital requirements. By relying on the measures put in place and counting on the continuation of the activity, SergeFerrari Group aims to quickly return to increased profitability.”\n2024 Revenue and profitability\nRevenue\n\n\n(in €m)\n\n2024\n\n2023\n\n\n \n\nChange at current scope and currency\n\nChange at constant scope and currency\n\n1st quarter\n\n73.5\n\n84.8\n\n-13.4%\n\n-14.1%\n\n2nd quarter\n\n \n\n88.4\n\n90.7\n\n-2.5%\n\n-2.5%\n\n3rd quarter\n\n72.2\n\n73.0\n\n-1.1%\n\n-0.6%\n\n4th quarter\n\n \n\n89.8\n\n79.1\n\n+13.6%\n\n+13.6%\n\nFull Year Total\n \n\n323.6\n327.6\n-1.2%\n-1.0%\nThe Group reported revenue of €323.6 million in 2024, i.e. a slight decrease of -1.2% at current scope and currency rates and -1.0% at constant scope and currency rates. The level of activity recorded in the latter part of the year confirms the gradual recovery in volumes observed in all geographical areas since the end of the first half of 2024, with sales up 6.5% at constant scope and currency rates in the second half of the year.\n\nAudited consolidated financial statements (report being prepared)\nin €m\n\nDec 31, 2024\n\nDéc 31, 2023\n\nChange\n\n\n \n\nRevenue\n\n323.6\n\n327.6\n\n-1.2%\n\nAdjusted EBIT1\n \n\n12.3\n\n11.3\n\n+11.5%\n\nCurrent Operating Income\n\n10.6\n\n10.4\n\n+1.9%\n\nNet Income, Group Share\n\n \n\n-15.2\n\n4.7\n\nn.a\n\nThe margin rate on purchases consumed observed...