Calvert International AG Reports 2024 Financial Results

Calvert International AG has released its consolidated financial statements for 2024, showcasing significant revenue growth. The company reported revenues of EUR 3.4 million, a 60% increase from EUR 2.1 million in 2023. This growth was driven by higher revenues across the group and the acquisition of Emerging Energy Corporation (EEC).

The EBITA improved to EUR 0.427 million, reflecting better operational efficiency and revenue growth. Total assets rose to EUR 8.715 million, supported by acquisitions and increased sales, with equity reaching EUR 3.588 million.

Looking to 2025, CIAG is focusing on growth in the African energy market, targeting sectors like carbon capture and off-grid energy. The EEC acquisition has strengthened the group's portfolio in renewable energy, with negotiations for further expansions underway.