economic performance
We aim for balanced, profitable growth, operational excellence and leadership in both product and service innovation to ensure that we remain a reliable and long-term partner to our stakeholders. Again in 2024, our portfolio enabled us to stay ahead of the trends driving sustainability, delivering great value to our customers across various business segments.
goals
performance
A solid equity structure with debt <2.5 times EBITDA
In 2024, we again exceeded our equity structure target, as our balance sheet shows no net financial debt. Equity in relation to debt (total investments of the year without goodwill in relation to depreciation without goodwill) was -2.53m. Our equity ratio remained strong at 79%.
goals
performance
Continuous investments in assets, machinery,
equipment and processes measured by CAPEX
over 3 years in relation to depreciation being
higher than 35%
Over the past three years, our CAPEX investment relative to depreciation was 7%, falling short of our 35% target. Our pace is attributed to external factors such as supply chain disruptions, international conflicts and other global influences. These challenges have inevitably slowed our progress.
Despite the geopolitical landscape and ongoing energy challenges, we remained resilient, ensuring
consistent service delivery to our customers and maintaining stability for our employees. Our robust financial performance in 2024 was driven by effective risk management and our ability to quickly adapt to changing market conditions. This allowed us to maintain strong operational results. With healthy financial reserves, we are well-positioned to further invest in assets, machinery, research and development, alongside innovation-driven solutions. This strategic allocation of resources is aligned with our commitment to advancing the goals outlined in our 2030 sustainability agenda.
