SLR Group Reports Financial Year 23/24 Results and 24/25 Outlook

SLR Group GmbH has unveiled its final results for the financial year 23/24, reporting an adjusted EBITDA of EUR 24.9 million, a 32% decrease from the previous year's EUR 36.3 million. The company initiated an "Adapt & Grow" plan focused on enhancing efficiency and reducing costs to counteract the downturn in agricultural and construction sectors, both core segments for SLR. CFO Gunnar Halden noted that these measures have positively impacted earnings.

The outlook for 24/25 anticipates total production and tonnage sold to reach around 100 kilotons, with an expected adjusted EBITDA of EUR 20 million. CEO Jörg Rumikewitz expressed optimism, citing potential growth from industry recovery and increased demand for complex machine parts, aligning with the trend towards fleet modernization and electrification.