Amper (AMP) H2 2024 earnings summary

Executive summary

• Achieved key milestones in the first phase of the 2023-2026 Strategic Plan, including strengthening the financial structure, extending debt maturities, and executing non-core asset divestments exceeding €25.5M in gains.

• Entered strategic alliances (eks Energy-Hitachi, BAE Systems), expanded in offshore wind, and initiated the second phase of the Strategic Plan focused on Defense, Security, and Communications.

Financial highlights

• Revenue reached €419.5M in 2024, up 13.6% year-over-year; EBITDA rose to €35.2M (+38.6%), with margin improving to 8.4%.

• Operating income (EBIT) was €14.9M (+43.4% vs. 2023); net consolidated result was €4.6M, with net income attributable to the parent at €142K.

• Net financial debt at year-end was €109.7M (up 4.2%), leverage ratio reduced to 3.1x EBITDA (from 4.2x).

• Order backlog grew to €540M (+39.9%), driven by new contracts in energy storage and defense.

Outlook and guidance

• The group begins the second phase of its Strategic Plan (2025-2026), targeting further growth in sales and EBITDA, with a focus on Defense, Security, and Communications.

• Plans to continue inorganic growth and maintain financial discipline, leveraging long-term financing and strategic partnerships.