SergeFerrari Group Reports 2024 Revenue of €323.6 Million
SergeFerrari Group Reports Revenue Performance for 2024
SergeFerrari Group (FR0011950682 - SEFER), recognized as a leader in innovative composite materials, has announced its financial results for the concluding quarter of 2024. The company, listed on Euronext Paris, reported overall revenues of €323.6 million for the full year.
Quarterly Revenue Highlights
For the fourth quarter of 2024, SergeFerrari Group's revenues reached €89.8 million, which reflects an increase of 13.6% compared to the fourth quarter of the previous year. This surge can be attributed to a noticeable recovery in demand across various geographical regions.
Regional Breakdown of Revenues
The company's revenue performance exhibited varying dynamics across different regions:
- Europe: The region returned to activity levels comparable to the previous year, achieving revenues nearly unchanged at -0.1%.
- Americas: The Americas faced some challenges with a revenue decline of 11.0% due to a cautious business environment.
- Asia-Pacific-Africa: This region experienced a slight downturn, reporting a 0.6% decrease but demonstrated a 2.1% recovery at constant rates.
Full-Year Financial Results
Overall, the financial year 2024 concluded with total revenues of €323.6 million, slightly down by 1.2% on current consolidation grounds but stable when considering constant rates. The revenue trends over the year illustrate a gradual recovery that started after the first half of the year.
Key Drivers of Revenue Changes
The increase in the fourth quarter can be attributed to several factors:
- Increased demand in the strategic markets within Europe led to revenue growth of 11.3% in this region.
- The Americas saw a stronger recovery, particularly in the Tensile Architecture segment, resulting in a significant increase of 14.3%.
- The APMEA area realized a remarkable growth of 21.2%, recovering from earlier lags in product availability.
Outlook for 2025
Looking ahead, SergeFerrari Group anticipates that the momentum from the end of 2024 will bolster operating profitability moving into the second half of 2025. The organization remains committed to executing operational efficiencies as part of their Transform 2025 initiative, aimed at restoring profitability and enhancing overall performance.
Financial Calendar
SergeFerrari Group plans to publish its full-year results for 2024 on March 27, 2025, after the market closes.
About SergeFerrari Group
SergeFerrari Group stands as a premier supplier of composite materials, catering to sectors including Tensile Architecture and Modular Structures. The company operates in a global market valued at approximately €6 billion. With a focus on energy-efficient building solutions, SergeFerrari leverages proprietary technologies to fulfill vital technical and societal needs. The firm has production facilities across Europe and Asia and maintains operations in 80 countries, ensuring a robust distribution network.
Frequently Asked Questions
What were the total revenues of SergeFerrari Group for 2024?
The total revenues reported by SergeFerrari Group for 2024 were €323.6 million.
How did the European market perform in 2024?
The European region experienced a slight drop in revenue, down by -0.1%, but remained stable compared to the previous year.
What factors contributed to revenue growth in Q4 2024?
Revenue growth in Q4 2024 was bolstered by increased demand across all geographical regions and strategic market recovery.
What is the company's outlook for 2025?
SergeFerrari Group expects to improve its operating profitability in the second half of 2025 while focusing on executing its Transform 2025 initiatives.
When will SergeFerrari Group publish its full-year results?
The company will publish its full-year results for 2024 on March 27, 2025, after market close.
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