ALSO (ALSN) H2 2024 earnings summary

Executive summary

• Sustainable investments in the ecosystem over 14 years have driven strong 2024 results and set the stage for higher future performance.

Financial highlights

• Net sales before PvA decreased 1.4% year-over-year to €10,963M in 2024.

• EBITDA declined 5.2% year-over-year to €234M; EBITDA margin at 2.1%.

• Gross profit margin remained stable at 6.3% year-over-year.

• Service segment sales grew 22.8% to €1,320M; Cloud sales up 30.8% to €1,133M.

• Cash balance increased 9.9% to €731M; free cash flow at €244M.

Outlook and guidance

• 2025 EBITDA guidance set at €285–325M, up from €234M in 2024.

• Mid-term (2027–2029) EBITDA target of €425–525M.

• ROCE expected to remain above 17% in 2025 and above 25% mid-term.