Vincorion (V1NC) H2 2024 earnings summary

Executive summary

• Revenue increased to €203.98m in 2024, up 25% year-over-year, with strong growth in both product sales and maintenance services.

• EBIT rose to €20.56m from €8.65m, and net income surged to €8.40m from €1.17m, reflecting improved operational performance.

• Comprehensive income reached €8.61m, up from €0.62m in 2023.

• The audit confirmed compliance with IFRS and German commercial law, with no reservations.

Financial highlights

• Gross profit increased to €50.34m from €32.24m year-over-year.

• Cost of sales rose to €153.64m, reflecting higher business volume.

• Operating cash flow improved to €19.25m from €2.88m.

• Cash and cash equivalents at year-end were €8.42m, down from €12.29m.

• Total assets grew to €243.03m from €217.13m.

Outlook and guidance

• Management prepared financials on a going concern basis, with no material uncertainties disclosed.

• No significant post-balance sheet events reported.