Investing.com — Shares of Vorwerk Group SE climbed 3% today following the company’s announcement of a 59% increase in sales year-over-year (YoY) and a significant improvement in EBITDA margin.
The company’s recovery in the project business throughout 2024 has led to revenues expected to exceed €495 million and a preliminary EBITDA of €80 million for the fiscal year 2024, which is 23% ahead of the financial services consensus of €65 million.
The German-based company, known for its premium home appliances and efficient project business solutions, reported an EBITDA margin of 19.4%, an 11 percentage point increase YoY. This marks the first time since its initial public offering that Vorwerk Group SE has achieved double-digit operating margins, signaling a strong turnaround in its financial performance.
Cash and cash equivalents as of December 31, 2024, stood at €177 million, which is an impressive increase from the previous year’s €59 million, adding €118 million to the company’s reserves. Furthermore, net liquidity at the year’s end was reported at €154 million, compared to €42 million the year before, highlighting the company’s solid financial position.
Investors are now turning their attention to the company’s future, with Jefferies analysts commenting, “Focus will now be on the guidance for FY25 which we expect with final results on 31 of March.”
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