Sabaf (SAB) H2 2024 earnings summary

Executive summary

• 2024 consolidated normalised sales revenue reached €277 million, up 15.8% year-over-year, marking a record high despite ongoing sector weakness.

• Growth driven by European performance, South American contributions, and new sites in Mexico and India.

• Shareholders approved a €0.58 per share dividend for 2024.

Financial highlights

• Normalised EBITDA rose 22.2% to €40.4 million (14.6% of turnover) from €33 million in 2023.

• Normalised EBIT increased to €21.2 million (7.7% of turnover) from €17.5 million (7.3%) in 2023.

• Normalised net profit was €16 million (5.8% of sales), up from €14.2 million (5.9%) in 2023.

• Parent company sales revenue was €106.2 million (+6.4%), EBITDA €9.2 million (+67.1%), net profit €1.3 million (down 62.1%).

Outlook and guidance

• Board of Directors scheduled to approve the Interim Management Statement at 31 March 2025.