Aumann (AAG) Q4 2024 earnings summary

Executive summary

• Achieved record revenue and earnings in 2024, with revenue up 7.9% year-over-year to EUR 312.3 million and EBITDA up 73.4% to EUR 35.8 million, driven by strong E-mobility segment performance.

• E-mobility segment revenue rose 13% to EUR 258.5 million, now 82.8% of total revenue, with EBITDA nearly doubling.

• Order intake and backlog declined significantly due to market headwinds, with order intake down 41% to EUR 200.1 million and backlog down 39% year-over-year.

• Strategic focus on expanding Next Automation segment into clean tech, aerospace, life sciences, and defense.

• Net cash reached a record EUR 145 million and equity ratio stood at 62%.

Financial highlights

• Revenue increased 7.9% year-over-year to EUR 312.3 million.

• EBITDA rose 73.4% to EUR 35.8 million, with margin improving to 11.5%.

• EBIT margin reached 10.2%, with nearly EUR 32 million earnings before taxes.

• Net cash position of EUR 145 million and equity ratio of 62%.

• Maintenance and service revenue accounts for roughly 10% of sales, with higher margins.

Outlook and guidance

• Revenue expected to decline in 2025 to EUR 210–230 million due to lower order backlog.

• EBITDA margin guidance for 2025 is 8–10%, supported by high-quality backlog.

• Initial signs of industry recovery observed, with expectations for improvement in the second half of 2025.