The Apator Group closes 2024 with record sales of over PLN 1.2 billion
The Apator Group actively supports its customers in their transition and in the efficient management of energy and water resources, achieving higher turnover and financial results in 2024.
- Consolidated sales revenue in 2024 reached a record level of PLN 1,227.6 million, up 8% year-on-year, thanks to very strong sales performance in Electricity (PLN 580.1 million, up 13% year-on-year), a recovery in turnover in Gas (PLN 273.8 million, +13% y/y) and a similar y/y level of sales in Water and Heat (PLN 373.7 million, -2% y/y).
- Consolidated financial results for Q1–Q4 2024 were as follows: EBITDA: PLN 141.6 million (+24% y/y compared to adjusted EBITDA for 2023), adjusted net profit: PLN 62.2 million (+73% y/y).
- Results for Q4 2024: sales revenue: PLN 300.5 million (+6% y/y), EBITDA: PLN 26.8 million (+13% y/y compared to adjusted EBITDA for Q4 2023), and adjusted net profit: PLN 10.4 million (+36% y/y).
- Increase in the share of revenue generated in Poland to 59% of total sales in 2024.
Record operating cash flows leading to a significant reduction in financial debt at year-end – net debt/LTM EBITDA (adjusted) at the end of 2024 at 0.69x compared to 1.48x at the end of 2023.
*) EBITDA for 2023 adjusted for write-downs of intangible assets and other assets, as well as inventory write-downs; net profit for 2023 additionally adjusted for a write-down of an asset relating to a tax loss carried forward concerning GWi. Net profit for Q1–Q4 2024 adjusted for deferred tax relating to the zone relief at Apator SA and for the written-off negative net asset value of GWi (last year).
- We have entered the new year with a solid order book; we are pursuing further contracts in the Energy & Utilities sector, whilst actively acquiring clients among businesses and local government bodies, and operating in the dynamic RES and industrial power sectors. We are continuing our development work, particularly in the field of ultrasonic measurement and effective and secure telecommunications and data transmission. We are adapting our infrastructure to meet new challenges. We recently announced the establishment of cooperation and the launch of production of a new, proprietary range of switch disconnectors for Rittal GmbH, a global supplier of control cabinets and energy distribution systems for industry. This cooperation will not only strengthen our position in the switchgear market, but will also enable us to reach industrial customers in the global markets served by our partner with our solutions. We are also expanding our network of commercial partnerships in foreign markets, and in January we opened a new company in Italy to better capitalise on the potential of this market for the sale of our water solutions. At the same time, we are implementing internal projects aimed at streamlining the Group’s operations (including simplifying the Group’s structure, consolidating procurement, and a new Group-wide ERP system) and making better use of the production capacity of individual companies (production centres). We are fully prepared, both in terms of technical expertise and operational capacity, to deliver advanced solutions supporting the transformation of the Polish energy sector, and we intend to play an active role in this process – concludes the Chairman of the Management Board of Apator SA.