Michel Denis, President & Chief Executive Officer, stated “The group’s 2024 revenues are in line with its expectations, 7% lower than in 2023.
This decline is particularly noticeable in Northern Europe, especially Germany and the Nordic countries. 4th quarter 2024 activity is decreasing compared to 4th quarter 2023, which had reached a record level, creating an unfavorable base effect.
For the second consecutive quarter, order intake on equipment has risen to a level not seen since the 3rd quarter 2022 by the group. This momentum confirms the gradual return of markets to more fluid operating modes. In Northern Europe, however, dealers’ inventories levels are still quite high in some countries.
In Northern America, the market recovered during the 4th quarter and this region remains more dynamic for the group.
The finalization in 2024 of the implementation of structuring industrial resources and the launch of new product ranges in this region should enable the group to take better advantage of the favorable conditions in this territory in 2025.
Under these conditions, and subject to the economic or geopolitical context, the group expects stable revenue in 2025 compared with 2024.”
Review by division
With quarterly revenues of €556 million, the Product Division recorded a decrease of -22% compared with Q4 2023, and -9% over the 12 months. The division monitored its activities to adjust to market volumes while working to reduce inventories levels.
With quarterly revenues of €101 million, the Services & Solutions Division (S&S) recorded a -1% decrease compared with Q4 2023 and a +3% increase over the 12 months, showing the greater resilience of its activities.
