Avemio AG Reports 2024 Financial Figures Amid Digital Shift

Avemio AG, a prominent European hardware and software supplier for the professional media industry, released its 2024 Annual Report today, citing strong digital growth. In a challenging market, Avemio made notable progress in digital transformation, integrating acquisitions such as MoovIT and launching the cloud-based CaraOne platform.

Despite reduced trade division revenues at EUR 78.8 million, the digital sector rose to EUR 8.5 million, reflecting its dynamic development. EBITDA fell to EUR -0.9 million due to declining trade revenues and restructuring costs. Savings of EUR 0.5 million were achieved, aiming for EUR 1.5 million annually by 2025.

The equity ratio remained stable at 49%, and cash flow was positive at EUR 2.4 million, thanks to improved working capital. Avemio anticipates digital division growth and North American market expansion, aiming for profitability restoration in 2025.