SOL Group (SOL) H2 2024 earnings summary

Executive summary

• Consolidated sales reached €1,610.4 million, up 8.3% year-over-year, with 6.4% growth on a like-for-like basis.

• EBITDA rose 5.7% to €403.8 million (25.1% of sales); EBIT increased 4.4% to €237.2 million (14.7% of sales).

• Net profit grew 1.3% to €147.7 million, representing 9.2% of sales.

• Proposed dividend of €0.390 per share, up from €0.370 for the previous year.

• Over 61% of sales generated abroad, with international sales up 10.9% and Italian sales up 4.4%.

Financial highlights

• Net sales: €1,610.4 million (+8.3% year-over-year).

• EBITDA: €403.8 million (+5.7% year-over-year), margin 25.1%.

• EBIT: €237.2 million (+4.4% year-over-year), margin 14.7%.

• Net profit: €147.7 million (+1.3% year-over-year), margin 9.2%.

• EPS: €1.628, up from €1.607 in 2023.

Outlook and guidance

• Management expresses confidence for 2025, aiming for continued sales growth and stable profitability.

• Ongoing investment, acquisition, and partnership programs to continue.

• Outlook contingent on geopolitical developments and energy/inflation trends.