Landi Renzo (LNDR) Q4 2024 earnings summary

Executive summary

• Consolidated revenues for 2024 reached €272.4 million, with €189.8 million from Green Transportation and €82.6 million from Clean Tech Solutions.

• Adjusted EBITDA for 2024 was €0.5 million; Green Transportation posted negative €0.2 million, Clean Tech Solutions positive €0.7 million.

• Net financial position stood at €94.5 million; adjusted net financial position (excluding IFRS 16 and other effects) was €81.3 million.

• Board approved initiatives to improve fundamentals in 2025, including a merger and a business unit sale.

Segment performance

• Green Transportation sector generated €189.8 million in revenue but had a negative adjusted EBITDA of €0.2 million.

• Clean Tech Solutions sector contributed €82.6 million in revenue and a positive adjusted EBITDA of €0.7 million.

Significant events and developments

• Approved merger by incorporation of wholly owned subsidiary Metatron S.p.A. to streamline operations and reorganize the group.

• Sale of the Romanian business unit (Landi Renzo RO) to Automobile-Dacia S.A. for approximately €500,000 plus inventory value, following sustained losses and negative equity.