AUGA Group Shares Financial Highlights for 2024 Year-End
AUGA Group Offers Insight into 2024 Financial Performance
As AUGA Group continues its journey through restructuring, the company is sharing crucial financial insights from the year ended December 31, 2024. The aim is to keep stakeholders informed about the ongoing changes and the financial status of the company.
Current Financial Highlights
In its latest announcement, AUGA Group reported that the revenue from its continuing operations reached EUR 85.6 million in 2024. This shows an improvement from EUR 77.4 million from the previous year, reflecting a positive trend amidst the challenges posed by restructuring. However, the Group has also experienced losses from continuing operations, which remain significantly similar to the previous year, standing at EUR 26.9 million in 2024 compared to EUR 26.3 million in 2023.
Impact of Restructuring
The ongoing restructuring processes currently involve 18 companies within the Group. This significant operational shift has inevitably influenced the financial statements' structure, which includes classifications of debt and investment valuations. This restructuring phase aims to enhance long-term sustainability and operational efficiency.
Details of Business Segments and Financial Data
AUGA Group has provided additional comprehensive information regarding its business segment performance. Stakeholders can find detailed balance sheets, profit and loss statements, cost of sales, as well as selling and operating expenses in the attached documents.
Future Directions
The management team at AUGA Group is committed to navigating the challenges presented by the restructuring process. The completion of the audit, which is currently in progress, may result in adjustments to the reported financial figures, but the goal remains clear: to emerge from this phase stronger and more efficient.
Contact Information
If you have any questions or require further information, please reach out to Kristupas Baranauskas, Chief Financial Officer of AUGA Group. He can be contacted at +370 5 233 5340.
Frequently Asked Questions
What were the key financial figures for AUGA Group in 2024?
AUGA Group reported revenues of EUR 85.6 million with losses from continuing operations amounting to EUR 26.9 million.
How many companies are involved in AUGA Group's restructuring?
Currently, 18 companies are undergoing restructuring within the AUGA Group.
Why are the financial results unaudited?
The financial results are unaudited because the audit procedures are still ongoing, leading to potential adjustments.
What is the purpose of the ongoing restructuring?
The restructuring aims to improve operational efficiency and enhance long-term sustainability within the Group.
Who can I contact for more information about AUGA Group's financial results?
You can contact Kristupas Baranauskas, the Chief Financial Officer, for any inquiries.
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