Rosetti Marino (YRM) H2 2024 earnings summary

Executive summary

• Consolidated net equity reached €146.4 million at December 31, 2024, up from €124.1 million year-over-year.

• Consolidated revenue (PIL) rose to €582.6 million, a 62.2% increase from €359.1 million in 2023.

• Consolidated EBITDA was €53.7 million (9.21% of PIL), up from €21.9 million (6.11%) in 2023.

• Consolidated EBIT reached €47.5 million (8.16% of PIL), up from €12.0 million (3.35%) in 2023.

• Consolidated net profit was €29.8 million (5.11% of PIL), up from €7.0 million (1.96%) in 2023.

Financial highlights

• Order backlog at year-end was €1,160 million, up from €818 million in 2023.

• Short-term net financial position was positive at €176.2 million, up from €126.8 million at June 30, 2024.

• Proposed dividend of €2.00 per share.

Outlook and guidance

• Growth in PIL and profitability attributed to strong performance in Oil & Gas and Renewables & Carbon Neutrality sectors.

• Renewables & Carbon Neutrality sector revenue grew from €32 million to €164 million year-over-year.