on Friedrich Vorwerk Group SE
Friedrich Vorwerk Projects Significant Revenue Growth in 2024
Friedrich Vorwerk Group SE anticipates generating over €495 million in revenue for the 2024 financial year, according to initial projections. This figure notably surpasses the company's prior revenue forecast of €430-460 million. An EBITDA margin of approximately 16% is expected, exceeding the previous margin estimate of 14-15%.
The company's revenues have experienced a remarkable increase, with fourth-quarter figures projected to exceed €155 million. This is a significant jump from the previous year's €98.2 million. Fourth-quarter EBITDA is predicted to be over twice the amount recorded for the same period in 2023.
Friedrich Vorwerk also reports a strong financial position, with €176.6 million in cash and equivalents as of December 31, 2024. Net liquidity stands at €154.3 million, and the workforce has expanded to 1,948 employees.
R. H.
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