Novem Group S.A.: Q3 2024/25 Results Affected by Challenging Business Climate

Novem Group S.A. announced its Q3 2024/25 figures, reporting a revenue decline due to a challenging market environment. For the first nine months, revenue reached €403.5 million, 16.9% less than the previous year. The company's Adjusted EBIT decreased by 33.7% to €36.2 million.

The third quarter revealed significant challenges with Series revenue of €108.0 million dropping 12.2% year-on-year. Extended customer plant holidays and muted demand impacted the results significantly, especially in Europe and Asia. However, Tooling revenue showed a slight increase of 2.3%.

Operational focus was on cost management and new business developments, particularly in Mexico. Free cash flow improved to €1.3 million, despite reduced capital expenditure. Though financial debt remained stable, the company adjusted its medium-term guidance due to ongoing market difficulties.