Investing.com — Shares of Vorwerk Group SE rose 3% today after the company announced a 59% year-over-year (YoY) sales increase and a significant improvement of EBITDA margin.

The company’s recovery of the project business throughout 2024 leads to revenues expected to exceed €495 million and a preliminary EBITDA of €80 million for the fiscal year 2024, which is 23% ahead of the service consensus in finance of € 65 million.

The German-based company, known for its premium home appliances and efficient project business solutions, reported an EBITDA margin of 19.4%, an 11 percentage point increase YoY. This marks the first time since the initial public offering that Vorwerk Group SE has achieved a double-digit operating margin, marking a strong turnaround in financial performance.

Cash and cash equivalents as of December 31, 2024, stood at €177 million, which is an impressive increase from last year’s €59 million, adding €118 million to the company’s reserves. In addition, net liquidity at the end of the year was reported at €154 million, compared to €42 million last year, underscoring the company’s strong financial position.

Investors are now turning their attention to the company’s future, with Jefferies analysts commenting, “The focus is now on guidance for FY25 which we expect to have final results on 31 March.”

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