on BAIKOWSKI (EPA:ALBKK)
Baikowski Reports Strong Financial Growth in 2024 Results
Baikowski, a leader in specialty industrial minerals, has announced significant growth in its 2024 financial results. The company's revenue soared by 32.6% to €47.7 million. Net income, attributable to the group, quadrupled to €3.8 million compared to the previous year.
The company reported that its net financial debt was reduced to 14% of shareholders’ equity by the end of 2024, excluding the effects of IFRS 16. A dividend of €0.30 per share has been proposed for 2024.
CEO Benoît Grenot highlighted the increased demand, especially in electronics, which helped Baikowski diversify and innovate across industrial applications. In recognition of its innovative efforts, the company was awarded a France 2030 plan for a project to decarbonize alumina production.
R. P.
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