Frauenthal Holding (FKA) H2 2024 earnings summary

Executive summary

• Revenue declined 6.2% year-over-year to EUR 1,014.3 million, with both divisions impacted by challenging market conditions and high costs.

• Frauenthal Trade Division contributed 80% of revenue, down 4.6%, while Automotive Division contributed 20%, down 11.9%.

• EBITDA fell to EUR 47.6 million (adjusted: EUR 44.5 million), and EBIT dropped to EUR 5.6 million, impacted by EUR 6.9 million in impairment losses.

• Net result was negative at EUR -5.1 million, with equity ratio decreasing to 35.0%.

• Rapid cost-saving measures, including a 10% headcount reduction, helped cushion earnings losses.

Financial highlights

• Revenue: EUR 1,014.3 million, down from EUR 1,081.0 million year-over-year.

• EBITDA: EUR 47.6 million (adjusted: EUR 44.5 million), down from EUR 62.2 million.

• EBIT: EUR 5.6 million (adjusted: EUR 9.5 million), down from EUR 28.7 million.

• Profit after tax: EUR -5.1 million (adjusted: EUR -2.4 million), compared to EUR 14.4 million.

• Cash flow from earnings: EUR 29.7 million, down from EUR 49.4 million.

• Equity: EUR 164.5 million, equity ratio 35.0%.

Outlook and guidance

• Market environment expected to remain challenging in 2025, with low demand in both divisions.

• Focus on strict cost management, structural changes, and strengthening customer relationships.

• Automotive Division to pursue growth in the USA and further standardisation and harmonisation between plants.

• Trade Division aims to gain market share and improve efficiency.