Revenue increased by 23% to EUR 94 million and normalized EBITDA reached EUR 28 million, representing a 30% margin.
Global supplier and technology leader in powder metallurgy, GEVORKYAN, a.s., announces its preliminary financial results for 2024.
GEVORKYAN reported sales of products and services for 2024 at EUR 94.22 million and statutory EBITDA of EUR 26.05 million, implying an EBITDA margin of 27.65%. Compared to the same period of the previous year, this represents a 23.22% increase in revenue and a 25.68% increase in EBITDA. Compared to the financial plan, this represents 101% fulfillment of revenue and 93% fulfillment of statutory EBITDA.
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