Financial Info 
Antolin Closes 2024 with Improved Profitability in Challenging Market
Antolin closed its fiscal year 2024 with improved operational profitability, driven by efficiency measures under its ongoing Transformation Plan. This plan has enabled the company to navigate an extremely complex global environment for the sector and begin 2025 in a stronger position.
Antolin delivered on its strategic goal of increasing business profitability in a challenging landscape marked by a 1.1% drop in global automotive production and other challenges such as the potential introduction of new global trade tariffs.
Sales dropped by 6% (like for like), to €4.19 billion, compared to €4.62 billion in the previous year. Part of the decline is attributed to the divestments included in the Transformation Plan. Gross operating profit (EBITDA) fell by 4.1% year-on-year to €315 million, compared to €328.5 million the previous year, also weighed down by €19 million in additional restructuring costs.
However, the EBITDA margin improved to 7.5%, up from 7.1% in 2023, even after absorbing €19.1 million in extraordinary costs and adverse currency effects. Run-rated EBITDA—excluding extraordinary costs and Transformation Plan-related synergies—remained virtually flat at €374 million (versus €375 million in 2023), with the run-rated EBITDA margin climbing 0.8 percentage points to 8.9%.
These results place Antolin above the forecast range it released in November 2024 for most key performance indicators. The company continues executing the Transformation Plan launched in 2023, aiming to reach double-digit recurring EBITDA margins by 2026. As part of that roadmap, Antolin will continue divesting certain non-core assets in 2025 to focus on its most profitable and high-growth potential business areas.
Despite its operating performance, higher financial expenses and other extraordinary costs led to a net loss of €29 million, compared to a €7 million net loss in 2023. SEE COMPLETE PRESS RELEASE
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