SLR Group Reports Q4 23/24 Results and Preliminary Yearly Figures

SLR Group GmbH has announced its financial results for the fourth quarter of 2023/2024 and preliminary figures for the full year. The company, a leader in high-quality cast iron components, recorded net sales of EUR 57.1 million in Q4 23/24, down from EUR 75.1 million in the same period the previous year. The yearly net sales totaled EUR 234.7 million, a decline from EUR 287.7 million in 2022/2023.

Adjusted EBITDA for the quarter stood at EUR 6.1 million, resulting in a margin of 10.7%. For the entire year, adjusted EBITDA was EUR 24.6 million. The company attributes the decline to reduced demand in the agricultural and construction sectors.

Looking ahead, SLR Group expects a slight decrease in production and sales volumes for the 2024/2025 fiscal year. CEO Jörg Rumikewitz remains optimistic about the company's long-term growth opportunities.