annual report 2024 published

In 2024, we managed to deliver a resilient performance with a revenue of EUR 3,149 million, an EBITA before exceptionals of EUR 471 million or 15% of revenue and free cash flow before exceptionals of EUR 334 million despite the challenging end market environment. But we faced headwinds with negative organic growth of 3.4% and a return of capital employed (ROCE) down to 14.7%. We managed to sustain our added value margin with cost saving actions and robust price levels. We reduced inventories by EUR 23 million and managed cost inflation and lower volumes. Capital expenditure was EUR 231 million to support additional capacity, geographical expansions, innovation, and business development plans.

CEO Stéphane Simonetta says "I want to thank our employees for their resilience, hard work and unwavering dedication during a challenging year. To our customers: your trust, collaboration and partnerships remain the foundation of our success. And to our shareholders: thank you for your ownership, continued belief in our vision and your continued support. Together, we will navigate this period of transformation and emerge stronger, more innovative and better positioned to lead our markets and ultimately unlock shareholders value. We will continue to do what we say and will enable a clean, smart and responsible future."