- Revenues increase by 14% in 2024 compared to 2023, while order intake increases by 40%.
- The EBITDA target of €35m is achieved, with year-on-year growth of 39%, improving by 1.5 percentage points thanks to improved operational efficiency and a new commercial strategy.
- Profit after tax amounted to EUR 4.6m, growing by 119% compared to 2023. Considering the sale of the industrial services business, the profit after tax would be EUR 13.7 million, which would be six times higher than in 2023.
- The Group has strengthened its financial structure after completing all the divestments of non-core assets foreseen in the Strategic Plan and having issued 62.7 million euros of long-term debt in the Alternative Fixed Income Market, which has allowed 70% of its debt to be long-term and to have a positive working capital of more than 31 million euros.
- The divestments, together with operating cash flows of 15.8 million euros, three times those of 2023, have allowed the company to improve its projected debt ratio to 3.1x.
Madrid, 5th March 2025 – Amper Group closed 2024 achieving the targets set in the second year of its Strategic Plan for the company’s five management parameters: Order Backlog, Sales, EBITDA, EBITDA Margin % and debt ratio (Net Financial Debt / EBITDA).
Revenues reached EUR 419 million, an increase of 14% compared to 2023, while the order backlog reached EUR 540 million, 40% higher than in 2023.
EBITDA closed at EUR 35 million, 39% higher than in 2023, and improved by 1.5 percentage points to 8.4%, as a result of operational efficiency measures and refocusing of the commercial strategy.
Profit after tax amounted to EUR 4.6 million, 119% higher than in 2023. If we consider the sale of the industrial services business, a transaction signed in December 2024 with economic effects from 31 December 2024, executed on 21 February after the CNMV’s authorisation, the profit after tax would be EUR 13.7 million, six times higher than in 2023.
2024 was a key year in strengthening the company’s financial structure as set out in the 2023-2026 Strategic and Transformation Plan, with long-term debt rising from 27% in 2023 to 70% in 2024, bringing working capital to more than 31 million euros. To this end, long-term debt of 62.7 million euros was issued through a sustainability-linked bond programme and a promissory note programme in the MARF, the divestments envisaged in the plan on non-core assets (ECS, Mining and Industrial Services) were completed, and the generation of positive operating cash flows was consolidated, reaching 15.8 million euros, which is more than three times the figure achieved in 2023. All this has allowed the debt ratio (Net Financial Debt / EBITDA) to stand at 3.1x, which is 1.1x less than in 2023.
Regarding the evolution of the business:
- In the Energy and Sustainability Business Unit, the strategic alliance with eks Energy was formalised, investments have begun (New Elinsa Factory and offshore wind facilities in the Ferrol Outer Port) and agreements have been reached for the M&A operations envisaged in the Strategic Plan (Acquisition of 100% of Navacel and the remaining 49% of Elinsa).
- In the Defence, Security and Communications Business Unit, our position as a Defence technology company has been consolidated, relevant contracts have been signed, such as the Sirtap drone communications for Airbus or the mimetic networks for the Spanish Armed Forces, agreements have been reached with major international players such as BAE Systems, to complete national capabilities and generate technology transfer to Spain, and inorganic growth has begun with Intelectia Telecom. The years 2025 and 2026, as planned, will be of great focus in this Business Unit, both in organic and inorganic growth.
Enrique López, CEO of the Amper Group, said: “In 2024 the company achieved the quantitative objectives set out in the Strategic Plan thanks to an improvement in the company’s positioning, linked to its strategic and commercial refocus, and to operational efficiency. At the same time, the planned organic and inorganic investments were made, as well as divestments in non-core assets. These divestments, together with the transformation of the debt structure to long-term and the generation of relevant operating cash flows, have allowed us to obtain an adequate financial structure within healthy debt levels, which will allow us to address the second half of our Plan, very focused on organic and inorganic growth in Defence”.