Novem Group S.A. Reports Decreased Revenue for FY 2024/25

Novem Group S.A., a leading supplier in the premium automotive interior market, has released its audited results for the financial year 2024/25. The company reported a revenue of €541.5 million, reflecting a 14.8% decline from the previous year. The adjusted EBIT stood at €48.9 million, showing a decrease of 29.1% year-on-year.

Novem attributes this performance to challenging market conditions. As a result, the Management and Supervisory Boards are proposing to suspend dividend payments for the year. This move aims to navigate the current economic climate and prepare for future stability.

Despite these challenges, Chief Financial Officer Benjamin Retzer emphasized the company's efforts to establish a strong foundation for its upcoming refinancing efforts. The full audited results and additional reports are available on Novem’s Investor Relations website.