The consolidated financial statement as of 31/12/2024 has been approved

Comer Industries ended 2024 in a particularly challenging macroeconomic environment, with global uncertainty also weighing on economic performance. Despite the expected slowdown, the Group nevertheless continued to show resilience by investing in strategic projects for the future.

With Revenues of 942.4 million euro (-23% y/y) and EBITDA at 157.5 million euro (vs. 205.0 million euro in 2023) Comer Industries closes the year with a slowdown, a reflection of global difficulties, from the downturn in demand to macroeconomic factors linked to political uncertainties and inflation.

“The drop in sales, although in line with the reference markets, was very significant. Our business model proved resilient and allowed us to keep both profitability and cash generation unchanged” commented Matteo Storchi President and CEO of the Group.

The investment in continued growth is a sign of confidence in the medium term. The new plant in the US, for example, is one of the key investments, designed to increase production capacity and consolidate position in the North American market, albeit against a background of challenges.

In addition, the Group has continued to invest in research and development to innovate its offering and improve the quality of its products, seeking to adapt to the needs of a market that demands increasingly advanced solutions.

We look ahead to 2025 with caution, aware that the global environment may continue present a challenging scenario, and convinced that, thanks to our investment strategy and adaptability, we will be able to maintain our solidity and prepare the ground for a future recovery.