2G Energy (2GB) H2 2024 earnings summary

Executive summary

• Net sales increased by 3% year-over-year to €375.6 million in 2024, with EBIT rising 21% to €33.3 million.

• EBIT margin improved to 8.9% from 7.6% in the prior year.

• Liquidity surged by 303% to €49.5 million at year-end.

Financial highlights

• Total output slightly decreased by 2% to €364.8 million compared to 2023.

• Cash flow from operating activities rose sharply to €53.3 million, up from €11.7 million in 2023.

• Costs of materials ratio improved to 59.6% from 64.2% year-over-year.

• Personnel costs ratio increased to 20.0% from 17.3%.

Outlook and guidance

• 2025 sales forecast set at €430–450 million, with EBIT margin expected between 8.5–10.5%.

• 2026 guidance projects sales of €440–490 million and EBIT margin of 9.0–11.0%.

• Average annual sales growth rate projected at 12.2%.