Norrhydro challenging half year season Shop

The manufacturer of hydraulic cylinders Norrhydro Group On Thursday he announced his semi -annual report and financial statements.

Norrhydro’s net sales weakened to EUR 11.1 million in the second half of 2024. A year earlier, at the time of the corresponding time, net sales were EUR 12.0 million. Follow -up Inderes expected revenue growth to EUR 15.2 million.

The company’s EBITDA improved in July and December 2024 to EUR 0.486 million. During the comparison period, EBITDA was loss of EUR 0.3 million. Inderes expected the EBITDA to be EUR 0.9 million now.

Norrhydro’s operating loss was EUR 0.191 million in the latter half of the year. A year earlier, the company’s adjusted business loss was EUR -0.973 million. Inderes expected operating profit to be EUR 0.1 million positive.

Norrhydro’s share loss decreased to EUR 0.08 per share for a comparison period of EUR 0.145 per share per share. Inderes expectations were a loss per share per share of EUR 0.04.

“Despite the company’s exceptionally challenging year, we have determined to invest in product development in digital business and have succeeded in acquiring new customers in both traditional and digital cylinder business,” Norrhydro CEO Yrjö sluggish Comment on the financial statements.

According to the company’s performance report, the market and demand of Norrhydro and its customers will continue to be very uncertain and difficult to predict. Economic uncertainty causes caution on customer investment decisions, and thus the development of Norrhydro’s order backlog.

According to Norrhydro’s guidelines, the company expects 2025 net sales to increase compared to 2024 and the reported EBITDA will be better than in 2024.

In 2024, Norrhydro’s net sales were EUR 24.5 million and the EBITDA reported EUR 1.6 million.

For 2028, Norrhydro aims to have a turnover of more than EUR 70 million, digital products and services of more than 30 % of net sales and EBITDA at least 16 % of net sales.