SINGULUS TECHNOLOGIES Releases 2024 Financial Statements

In its recently published 2024 financial statements, SINGULUS TECHNOLOGIES reported revenue of €75.9 million, up from €73.2 million in the previous year. The EBIT was improved to a loss of €0.7 million compared to a loss of €10.1 million in 2023. Enhancements in product offerings helped achieve a gross margin of 33.6%, a significant improvement from the prior year's 22.3%. The company's order intake reached €77.2 million.

SINGULUS TECHNOLOGIES is focusing on technological innovation to expand into high-growth markets. Efforts are concentrated on diversifying revenue streams and enhancing expertise in photovoltaic technologies, particularly solar panel production.

Looking ahead to 2025, SINGULUS projects revenue to reach between €105 million and €115 million, with a mid-single-digit million EBIT. The strategic focus is on sustainable growth in Solar, Semiconductor, and Life Science sectors, coupled with new ventures in battery and hydrogen technologies.