Annual Report 2024: A resilient business model

HighlightsRealised in 2024Generating strong results while adapting to changeRevenue decreased by 7% to DKK 34,666 million (2023: DKK 37,210 million)EBITDA was DKK 2,931 million – an increase of 3% (2023: DKK 2,849 million) Cash flow from operating activities amounted to DKK 2,553 million – an increase of 44% (2023: DKK 1,777 million)ROIC excl. goodwill was 13.0% (2023: 12.8%)21% reduction in Scopes 1+2 GHG emissions since base-year 202027% reduction in lost time injury...

Aarhus C, 06/03/2025 (informazione.news - comunicati stampa - industria)

Realised in 2024

Outlook for 2025

Briefly on the outlook of the companies in 2025

BioMar expects to maintain a high level of business activity and to generate full-year revenue at the same level as in 2024, although varying market conditions and volatile raw materials prices may, as always, affect revenue substantially. EBITDA is expected to continue on a positive growth path year on year, and the share of profit from joint ventures and associates is expected to increase compared with 2024.

GPV is still faced with soft demand and volatile market conditions, in line with the industry in general. Overall activity is expected to be maintained, generating full-year revenue at the same level as in 2024. GPV is currently restructuring its operational footprint, which will entail one-off costs negatively impacting EBITDA in 2025. Taking these one-off costs into account, EBITDA is expected to be in line with the 2024 level.

HydraSpecma expects to maintain the high level of business activity seen in 2024, despite persistent uncertainty among customers regarding future demand. Full-year revenue is expected to be at the same level as in 2024, while EBITDA is expected to increase year on year.

Borg Automotive is experiencing continued soft demand for Reman products and fierce competition for sales of Newman products. Nevertheless, the level of activity is expected to show some growth in revenue and EBITDA in 2025.

Fibertex Personal Care expects a fair level of activity in Europe but continued tough competition in Asia. While Fibertex Personal Care has temporarily reduced its own production capacity in Malaysia, continued overcapacity in the Asian market impacts revenue and EBITDA guidance for 2025 negatively.

Fibertex Nonwovens expects to grow its revenue in 2025 relative to 2024, supported in part by the ramped-up production capacity in the USA, which enables the company to better accommodate North American customers' demand for materials for wipes. Efforts to strengthen US operations further give rise to expectations of EBITDA growth in 2025.

Jørgen Dencker Wisborg                                               Jens Bjerg Sørensen

Schouw & Co. will be hosting a video conference (in English) for analysts, the media, etc. on

Please attend via this link: www.schouw.dk/en/cc

Questions relating to the above should be directed to Jens Bjerg Sørensen, President, phone no. +45 86 11 22 22.

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