BAIKOWSKI: 2024 First-Half Business Report

Baikowski, a century-old specialist in industrial minerals, reports significant revenue growth for the first half of 2024. The company achieved a revenue of €26.0 million, marking a 13.4% increase compared to the same period in 2023. This growth was driven by a confirmed recovery in the electronics market and a rebound in chemical-mechanical polishing demand after a slowdown in 2023.

Other market segments, including automotive, batteries, aerospace & defense, and medical, also demonstrated solid performance, with revenue diversification into new industrial applications such as additives and technical ceramics. Geographically, Asia and the rest of the world contributed 56% of the revenue, the Americas 29%, the rest of Europe 11%, and France 4%.

Baikowski continued its R&D efforts, aiming to diversify its offerings and enhance growth potential. In April 2024, the company was recognized through the France 2030 plan for its project to decarbonize alumina production. Looking ahead, Baikowski remains well-positioned and expects strong revenue growth for the full year 2024.