SLR Group publishes final results for financial year 23/24 and provides outlook for financial year 24/25

SLR Group publishes final results for financial year 23/24 and provides outlook for financial year 24/25

• Adjusted EBITDA of EUR 24.9 million in financial year 23/24
• Action plan “Adapt & Grow” initiated with a focus on efficiency improvement and cost reduction
• Forecast for financial year 24/25: total production and tonnage sold to be in the range of 100 kilotons and adjusted EBITDA of EUR 20 million expected
• Long-term growth potential in the core segments of agriculture and construction

St. Leon-Rot, 27 November 2024 – SLR Group GmbH, a leading supplier of high-quality spheroidal graphite cast iron components, today published the final, audited consolidated financial statements in accordance with the German Commercial Code (HGB) for the short financial year 23/24. The adjusted EBITDA in fiscal year 23/24 achieved 24.9 million (Pro forma figures for the FY 23/24 of the previously operating SLR Holding GmbH). This corresponds to a decrease of 32% compared to the corresponding period of the previous year (FY 22/23: EUR 36.3 million). Accordingly, the adjusted EBITDA margin reached 10.6% (FY 22/23: 15.0%).

Gunnar Halden, CFO of the SLR Group, explains: “The past financial year was characterized by a general downturn in the agricultural and construction sectors. This also led to lower order volumes in the core segments at the SLR Group. Accordingly, we took appropriate measures to improve profitability at an early stage, and these have already had a positive effect on earnings. In the current financial year, the focus will continue to be on adapting the company to the changed market conditions. As part of the 'Adapt and Grow' program, we have put together a comprehensive package of measures to increase efficiency and reduce costs at all plants. This also includes targeted personnel measures at some locations.”

For the current financial year 24/25, the SLR Group expects that the total production and tons sold will be in the range of 100 kilotons and thus slightly below the figures for the financial year 23/24. In addition, the SLR Group expects an adjusted EBITDA of EUR 20 million in the financial year 24/25.

Jörg Rumikewitz, CEO of the SLR Group, sees long-term growth potential in the core segments: “According to current market estimates, the agricultural and construction machinery industries will have bottomed out in 2025. We continue to see the SLR Group well positioned in the core segments, where we have long-term relationships with our blue-chip customer base. We want to be ready when the market picks up again. For example, fleet modernization and electrification offer medium- and long-term potential. There is increased customer demand for high-quality and more complex machine parts, which we, as a specialist in customized spheroidal graphite cast iron components, are able to supply. We are adapting our development and production accordingly.”

The final, audited Annual Report 23/24 is now available on the company's website at slr-gruppe.de/en/investor-relations.


About SLR Group

SLR Group, headquartered in St. Leon-Rot, Germany, is a leading producer of high-quality cast iron components used mainly in large off-highway agricultural and infrastruc-ture/construction machinery. Founded in 1970, SLR today operates four state-of-the-art, fully invested manufacturing facilities in Germany, Hungary and the Czech Republic. The Group acts as a full-service provider for its customers, spanning from development and tool manufacturing to casting all the way to the machined component. SLR enjoys a blue-chip customer base with entrenched single-source relationships spread over Europe and North America, with main customers including market leading OEMs and Tier 1 vendors. In the 2023/2024 financial year, the SLR Group generated net sales of around EUR 238.1 million (Pro forma figures for the FY 23/24 of the previously operating SLR Holding GmbH). At the end of last year, the company employed 758 people (HC). SLR Group GmbH has issued a Nordic bond with a volume of EUR 75 million, which is listed on the Open Market of the Frankfurt Stock Exchange.


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