Accelleron Industries AG Reports Strong First Half-Year Results and Successful Strategy Execution

Accelleron Industries AG registered robust financial performance in the first half of 2024. The company reported revenues of USD 505.5 million, reflecting a 14.5% year-on-year growth in constant currency. Operational EBITA saw an increase of 18.7%, reaching USD 128.2 million, while the operational EBITA margin improved to 25.4%.

Net income substantially rose by 88.9% to USD 88.6 million. This growth is attributed to effective cost management and successful strategy implementation, including the acquisitions of OMC2 and True North Marine to expand capacity and service offerings.

Despite a 3.3% decrease in the High Speed segment revenues, the Medium & Low Speed segment experienced an 18.8% rise, driven by strong marine market demand and factory expansions. Operational EBITA for this segment increased by 27.6%.

The company's strategy of digital enhancements and M&A activities are expected to support further growth. The outlook for the second half of 2024 remains optimistic with projected revenue growth of up to 12%.