SLR Group Reports First Quarter 24/25 Financial Results

SLR Group GmbH reported net sales of EUR 45.2 million for Q1 24/25, reflecting a 23% decrease from the previous year. The decline is attributed to challenging market conditions in agriculture and construction. The company's adjusted EBITDA fell sharply by 93% to EUR 0.4 million, with a margin of 1.0%.

The company launched the "Adapt & Grow" initiative aimed at boosting efficiency and reducing costs. CFO Gunnar Halden expressed cautious optimism, noting early positive effects from the program.

SLR maintains its forecast for FY 24/25, expecting total production and tonnage sold to reach 100 kilotons, and an adjusted EBITDA of EUR 20 million. CEO Jörg Rumikewitz forecasts market stabilization in 2025, with efforts to enhance sales through pricing and product policy optimization.