Investing.com — Shares of Vorwerk Group SE climbed 3% today following the company’s announcement of a 59% increase in sales year-over-year (YoY) and a significant improvement in EBITDA margin.
The company’s recovery in the project business throughout 2024 has led to revenues expected to exceed €495 million and a preliminary EBITDA of €80 million for the fiscal year 2024, which is 23% ahead of the financial services consensus of €65 million.
The German-based company, known for its premium home appliances and efficient project business solutions, reported an EBITDA margin of 19.4%, an 11 percentage point increase YoY. This marks the first time since its initial public offering that Vorwerk Group SE has achieved double-digit operating margins, signaling a strong turnaround in its financial performance.
Cash and cash equivalents as of December 31, 2024, stood at €177 million, which is an impressive increase from the previous…
