Friedrich Vorwerk Confirms 2024 Financial Growth and Future Plans

Friedrich Vorwerk Group SE has announced its financial results for 2024, confirming revenues of €498.4 million, an increase from €373.4 million the previous year. The company's EBITDA reached €80.5 million, with a margin of 16.2%, up by 7.6 percentage points from the prior year. A dividend of €0.30 per share is proposed for shareholders.

The company experienced robust order activity, with €685.2 million in orders, nearing previous record levels. The order backlog stands at €1,187.7 million. The management anticipates continued growth in 2025, expecting revenues between €540 million and €570 million, and an EBITDA margin of 16-17%.

Investments in energy infrastructure, particularly in electricity and hydrogen networks, are expected to support strong demand. The company is optimistic about market potential amid Europe's energy transition efforts, aiming for climate neutrality by 2050.