FRIWO Achieves 2024 Targets, Anticipates Growth in 2025

FRIWO, a global provider in power supplies and drive solutions, has reached its revised annual targets for 2024. The company reported a group revenue of 93.0 million euros, falling within the forecast range. Despite a decline from the previous year's 111.1 million euros due to European demand weakness, FRIWO improved its EBIT to -3.6 million euros, better than the anticipated loss. This improvement follows strategic realignments including divestments and site optimizations in Vietnam and Ostbevern.

Looking ahead to 2025, FRIWO expects significant revenue growth and a sustainable EBIT margin surpassing 5%. The company's strategy focuses on international expansion and enhanced product offerings across core business segments like E-Mobility and Healthcare. The divestments are projected to generate about 30 million euros, which will improve balance sheet quality and support further growth initiatives.