SFPI Group Reports Strong 2024 Financial Results

SFPI Group released its 2024 annual financial results, showcasing resilient performance amid challenging conditions. Revenue reached €665.8 million, slightly down by 3.3% from 2023, largely due to setbacks in the MAC Division from Europe's construction sector downturn and adverse weather impacting solar protection sales. Yet, the division outperformed market conditions.

The Group sustained its gross margin, achieving a €1.5 million increase and a 2-point improvement to 59.3%. Recurring operating income rose by 4.3% to €29.7 million, accounting for 4.5% of total sales. Operating profit more than doubled to €18.5 million, while net profit climbed to €14.7 million from €0.9 million in the previous year.

The Board plans to propose a dividend of €0.08 per share. Looking ahead, SFPI anticipates 2025 revenues around €668 million. This outlook is supported by a bolstered financial structure, with net financial surplus up by nearly 70%.