Investing.com — Shares of Vorwerk Group SE rose 3% today after the company reported a 59% year-over-year increase in sales and a significant improvement in EBITDA margin.
The company’s recovery in the project business during 2024 led to revenues expected to exceed €495 million and preliminary EBITDA of €80 million for fiscal 2024, 23% ahead of the financial services consensus of €65 million.
The German company, known for high-end home appliances and efficient project-based business solutions, reported an EBITDA margin of 19.4%, an increase of 11 percentage points compared to the previous year. This is the first time since its initial public offering that Vorwerk Group SE has achieved a double-digit operating margin, signaling a strong turnaround in its financial results.
Cash and cash equivalents as of December 31, 2024 were €177 million, an impressive increase from €59 million the previous year, 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 a year earlier, underscoring the company’s solid financial position.
Investors are now turning their attention to the company’s future, with Jefferies analysts commenting: “The focus will now be on FY25 guidance which we expect with final results on March 31.”
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