Hep global GmbH Faces Revenue and Earnings Shifts in 2024

In 2024, hep global GmbH, a solar specialist, encountered a challenging fiscal year due to difficult market conditions and uncertainties in the United States stemming from the election year. This environment caused delays in planned project sales, leading to a significant drop in consolidated revenue from EUR 73.3 million to EUR 43.5 million, below expectations. Total operating performance decreased to EUR 46.5 million from the prior year's EUR 91.0 million. EBIT also fell from EUR 3.1 million to EUR -4.8 million. The company foresees growth in 2025, predicting revenue between EUR 45 and 65 million with significant earnings improvement.

To tackle these challenges, hep launched strategic countermeasures, focusing on greenfield project development in stable markets and expanding sales channels. Initial positive results from these strategies are anticipated in 2025. Despite current uncertainties, particularly in the U.S., hep remains optimistic about tapping into the growth potential of the solar market, driven by demand from data centers and digitalization. The company emphasizes the U.S. as a key part of its long-term growth strategy.