Deufol SE Reports First-Half 2024 Results Showcasing Expansion and Strategic Growth

Deufol SE revealed their first-half 2024 results, emphasizing robust sales growth and new strategic expansions. Sales reached €154.7 million, a 7.5% increase from the previous year. However, the EBITDA and EBIT saw declines, standing at €17.0 million and €6.1 million, respectively, attributed to inflation-related expenses and growth investments.

Notably, Deufol expanded with new branches in Opole, Poland, and Brno, Czech Republic, strengthening their logistics network. Additionally, the acquisition of Deufol Doehle Projects Ltd. in Thailand marks their commitment to project logistics, aligning with their joint venture with Menzell Döhle.

Despite a challenging economic landscape, including rising wages in Europe and geopolitical tensions, Deufol remains optimistic, expecting continued growth and confirming their year-end sales forecast of €295-320 million.