BF (BFG) H2 2024 earnings summary

Executive summary

• Consolidated production value rose 8.5% year-over-year to €1,505 million in 2024, driven by expansion of the consolidation area and integration of new subsidiaries.

• Consolidated EBITDA increased 33% to €100 million, reflecting improved margins across all segments.

• Net profit attributable to the group reached €10.4 million, up from €1.2 million in 2023.

• Proposed dividend of €0.076 per share, a 73% increase over the prior year.

Financial highlights

• EBIT rose to €46.6 million from €29.9 million year-over-year.

• Net financial result was negative €27 million, impacted by higher interest rates and increased use of short-term credit.

• Net financial debt at year-end was €174 million, up from €8 million, mainly due to investments under the industrial plan.

• Group net equity increased to €1,037 million from €948 million.

Outlook and guidance

• 2024 results confirm early achievement of targets set in the 2023–2027 Industrial Plan, particularly for production value and EBITDA.

• The company is considering an update to the Industrial Plan.