- KEY HIGHLIGHTS
- 1Q2025 FINANCIAL RESULTS
- GROUP SUSTAINABILITY PATH
- OUTLOOK
-
ANNEX
Results consistent with 2025 expectations
‒ Sales: -8.1%
Evolution consistent with Group assumptions
Stagnation in Hydraulic stronger than growth in Water Jetting
‒ Profitability: -11.8% with only 90bps of dilution
Effective minimisation of negative flow through
2024 and 2025 SALES & EBITDA EVOLUTION (1)
% change compared to previous reporting period
-9.2%
1Q2024 1Q2025
-8.1%
-11.8%
- Cash generation: ongoing TWC and CAPEX normalisation
softened profitability reduction impact
2025 outlook
Sales: between -5% and +1% on organic basis
EBITDA margin: between 22% and 22.5%
Cash generation: consolidation of 2024 achievement
(1) 1Q2024 EBITDA variation excluding from 1Q2023 € 3.6m of insurance reimbursement correlated to IMM Romania
-13.7%
Sales
EBITDA- KEY HIGHLIGHTS
- 1Q2025 FINANCIAL RESULTS
1Q2025
Sales: Hydraulic stagnation stronger than Water Jetting growth
Profitability: diversification and flexibility drove to negative flow through minimisation and no dilution coming from acquisitions
NFP: profitability decrease impact mitigated by TWC improvement and CAPEX reduction
1QUARTER | |||
Million € | 2024 | 2025 | |
Group Sales | 545.9 | 521.6 | |
Change, | -7.8% | -4.5% | |
of which | |||
| -9.2% | -8.1% | |
| +1.8% | +3.1% | |
| -0.4% | +0.6% | |
EBITDA | 127.4 | 117.3 | |
Change | -14.9% | -7.9% | |
% on net sales | 23.3% | 22.5% | |
Net Income | 67.6 | 57.0 | |
NFP (2) | 452.8 | 383.3 | |
(1) 2025 perimeter change: PP China & YRP Flow Technology (consolidated from April 2024), Alltube (consolidated since May 2024), Alfa Valvole (consolidate since June 2024),
H.S. (consolidate since July 2024) and Hidrover (consolidated since December 2024) - (2)Excluding € 67,7m and € 78.9m of subsidiaries purchase commitments in 2025 and
2024 respectively