Grigeo Group AB Reports Strong Financial Growth for 2024

Author: Evelyn Baker Updated: 02-25-2025 11:16 AM

Overview of Grigeo Group AB’s Financial Performance

Grigeo Group AB has had an impressive financial year, showing significant growth in its consolidated sales turnover. This growth is noteworthy as the group achieved a remarkable EUR 213.0 million in sales over the course of the year. This represents an increase of EUR 17.6 million compared to the previous year.

Profit and Earnings Analysis

During the same reporting period, the Group generated a profit before taxes amounting to EUR 25.3 million. It’s important to note, however, that this figure is EUR 4.3 million less than the profit recorded in the prior year. Despite this minor decline in profits, the overall sales performance indicates strong underlying business activity.

EBITDA Performance

The Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) for Grigeo Group AB was EUR 34.9 million for the reported year. This is down by EUR 4.0 million compared to the previous 12 months, reflecting both challenges and opportunities in the market environment.

Comparative Financial Indicators

Here’s a summary of key metrics from the financial performance comparison between 2024 and 2023:

Revenue: The revenue saw a 9% increase from EUR 195.4 million in 2023 to EUR 213.0 million in 2024.

EBITDA: There was a decrease of 10%, moving from EUR 38.9 million to EUR 34.9 million.

Profit Before Tax (EBT): The profit before tax fell to EUR 25.3 million, marking a 15% decrease from the EUR 29.6 million reported in the previous year.

Management Insights

In the upcoming interim management report, detailed insights into these financial changes will be provided. The report will help stakeholders understand the dynamics affecting Grigeo Group AB during the year. The unaudited consolidated financial statements also offer a deeper dive into these figures.

Future Outlook

Grigeo Group AB is poised to leverage its solid yearly performance as it looks forward to future developments and opportunities in the market. Continuous improvement in operations and strategic initiatives will play a crucial role in sustaining its growth trajectory.

Contact Information

For further inquiries, Tomas Jozonis, the Chief Executive Officer of Grigeo Group AB, is available for contact at +370 5 243 58 01.

Frequently Asked Questions

What were Grigeo Group AB's total sales for 2024?

The consolidated sales turnover for 2024 was EUR 213.0 million.

How does the 2024 profit compare to 2023?

The profit before taxes in 2024 was EUR 25.3 million, which is EUR 4.3 million less than in 2023.

What was the EBITDA for Grigeo Group AB in 2024?

The EBITDA for 2024 was EUR 34.9 million, down from EUR 38.9 million in 2023.

What are the key areas of focus for Grigeo Group AB moving forward?

Grigeo Group AB focuses on improving operational efficiencies and exploring strategic growth opportunities while maintaining solid financial health.

Who can I contact for more information about Grigeo Group AB?

You can contact Tomas Jozonis, the Chief Executive Officer, at +370 5 243 58 01.

About The Author

Greetings, I'm 32-year-old author and financial specialist Evelyn Baker. My introduction into the financial industry started with an economics degree and continued with a wealth of experience in wealth management and financial consulting. My great passion over the years has been assisting people and companies in making wise, well-informed decisions to reach their financial objectives.

My goal with writing is to simplify difficult financial ideas into understandable, doable guidance. My goal in writing many books and articles is to make personal finance understandable to everyone, irrespective of their experience or background. I want to give readers the information they need to take charge of their financial futures, from investing and retirement planning to budgeting and saving.

Along with my writing, I lead webinars and workshops where I provide doable advice and methods for achieving financial success. To reach a larger audience, I also frequently contribute to financial blogs and publications. My method is always to offer doable, real-world guidance that can actually improve people's lives.

Aside from my job, I like to cook, travel, and experience other cultures. I work hard to apply my belief in the value of a balanced life to my financial counsel. My goal in working is to encourage and enable people to succeed financially so they may lead the best lives possible.

Contact Evelyn Baker privately here. Or send an email with ATTN: Evelyn Baker as the subject to contact@investorshangout.com.

About Investors Hangout

Investors Hangout is a leading online stock forum for financial discussion and learning, offering a wide range of free tools and resources. It draws in traders of all levels, who exchange market knowledge, investigate trading tactics, and keep an eye on industry developments in real time. Featuring financial articles, stock message boards, quotes, charts, company profiles, and live news updates. Through cooperative learning and a wealth of informational resources, it helps users from novices creating their first portfolios to experts honing their techniques. Join Investors Hangout today: https://investorshangout.com/

The content of this article is based on factual, publicly available information and does not represent legal, financial, or investment advice. Investors Hangout does not offer financial advice, and the author is not a licensed financial advisor. Consult a qualified advisor before making any financial or investment decisions based on this article. This article should not be considered advice to purchase, sell, or hold any securities or other investments. If any of the material provided here is inaccurate, please contact us for corrections.