Miquel y Costas & Miquel (MCM) Q4 2024 earnings summary

Executive summary

• Consolidated net sales remained stable at €309.2 million, despite lower sales prices and international trade challenges due to geopolitical tensions.

• EBITDA rose 6.7% year-over-year to €80.0 million, and net profit increased 14.0% to €48.7 million.

• The group continued its investment plan, focusing on technological upgrades, sustainability, and infrastructure.

Financial highlights

• Net sales: €309.2 million, unchanged from 2023.

• EBITDA: €80.0 million (+6.7% YoY); Operating income: €60.2 million (+9.6% YoY).

• Net profit: €48.7 million (+14.0% YoY); Effective tax rate: 23.3%, lower due to increased deductions.

• Cash flow after tax: €68.5 million (+9.2% YoY).

Outlook and guidance

• Results align with prior guidance, maintaining growth trends from the previous year.

• The 2024-2026 plan targets €120 million in investments, with €45 million already committed.

• Despite ongoing economic and geopolitical uncertainty, the group expects continued growth in 2025, supported by investments and innovation.