Centrotherm Exceeds 2024 Financial Expectations

Blaubeuren, April 30, 2025 - Centrotherm International AG reported a successful 2024 with significant financial improvements. The group increased its revenue by over 57% to EUR 238.2 million. International business, notably in Asia, played a central role, contributing to 88% of the revenue.

The operating performance aligned with revenue growth, rising nearly 50% to EUR 292.4 million. EBITDA more than doubled from the previous year to EUR 39.2 million, surpassing expectations. This was driven by unexpected customer acceptances and a better operating margin.

Equity expanded by over 31% to EUR 109.3 million, leading to a Group equity ratio of 27.5%. Cash and cash equivalents nearly doubled, reaching EUR 96.0 million. New order intake met forecasts, totaling EUR 164.0 million.