FINANCIAL
In 2024, Bondalti posted robust financial performance, continuing the growth trajectory of previous years, with revenue growth and strong results, supported by rigorous financial discipline.
The proposed allocation of profits for the year includes retaining a significant portion of profits to strengthen equity, while distributing dividends in a sustainable manner. This positive financial performance allows Bondalti to face 2025 with ambition for growth, even in a challenging macroeconomic environment.
Turnover
Increase in turnover,
despite the adverse global context
535
503
596
2024
2023
2022
CAPEX
Longest year ever in focused investment
on efficiency and decarbonization
44
30
16
2024
2023
2022
EBITDA
Liquid Result
Pre-IFRS indebtedness
Net Debt / EBITDA
Financial structure and performance
Bondalti continued to show a very solid economic and financial situation, recording EBITDA of €70.8 million and net income of €41.1 million in 2024.
Consolidated turnover ended the year at €534.7 million, €31.1 million more than in the previous year, reflecting a slight increase in the price of the main raw materials, especially in the first half of the year.
The net financial debt to EBITDA ratio remained at historically low levels, standing at 0.68x, and financial autonomy reached 45.7%.
As previously mentioned, 2024 will be marked by the launch of a public takeover bid for 100% of the shares of the Spanish company Ercros, S.A. through its subsidiary Bondalti Ibérica, S.L.U., set up for this purpose in February 2024.
For this operation, Bondalti negotiated financing of €405. 5 million, which also involves the refinancing of all current debt. The entry into force of this financing is conditional on the successful completion of the Ercros operation.
In 2024, Bondalti and IAPMEI also signed the acceptance agreement for the PRR's C11 agenda (Support for the Decarbonization of Industry), with Bondalti receiving €7 million in advance payments for this project.