Investing.com – Shares of Vorwerk Group SE rose 3% today after the company reported a 59% increase in year-over-year sales and a significant improvement in EBITDA margin.
The company’s recovery in project business throughout 2024 has led to revenues expected to exceed €495 million and pro forma EBITDA of €80 million for FY2024, 23% above the financial services consensus of €65 million.
The Germany-based company, known for its premium home appliances and efficient enterprise business solutions, reported an EBITDA margin of 19.4%, an increase of 11 percentage points year-on-year. This is the first time since its IPO that Vorwerk Group SE has achieved double-digit operating margins, indicating a strong turnaround in its financial performance.
Cash and cash equivalents as of December 31, 2024, amounted to €177 million, an impressive increase on the previous year’s €59 million, adding €118 million to the company’s reserves. Furthermore, net liquidity at the end of the year amounted to EUR 154 million, compared to EUR 42 million in the previous year, highlighting the company’s strong financial position.
Investors are now turning their attention to the company’s future, with Jefferies analysts commenting: “The focus will now be on guidance for FY25 which we expect with final results on March 31.”
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