Avolta Reports Solid 9M Growth and Plans Capital Reduction

Avolta AG continues its robust growth, marking its seventh consecutive quarter of strong performance in Q3 2024. The company has confirmed its medium-term targets and announced the cancellation of 6.1 million treasury shares, equivalent to 4% of its share capital, for 2024 as part of its capital allocation policy.

For the nine-month period, Avolta reported a turnover of CHF 10,371 million. Organic growth was 6.6%, with a 9.9% EBITDA margin. Q3 turnover reached CHF 3,908 million, with an EBITDA margin of 11.6%. The company remains focused on its Destination 2027 strategy, emphasizing organic growth, bolt-on acquisitions, and shareholder value.

Avolta has also refinanced its EUR 2,400 million bank facility, extending the maturity profile and reducing financing costs. CEO Xavier Rossinyol expressed confidence in the company's performance and strategic direction, highlighting initiatives like the Club Avolta loyalty program and strategic acquisitions to enhance growth.