BOOSTER Precision Components GmbH Announces 2024 Financial Results

BOOSTER Precision Components GmbH has released its unaudited financial results for 2024, showing a decline in revenue and earnings. The company's annual revenue decreased by 7.8% to EUR 169.3 million, reflecting ongoing challenges in the automotive industry. EBITDA declined by 37.8% to EUR 13.2 million from EUR 21.2 million in 2023. Adjusting for one-off costs, EBITDA recorded a 27.5% decrease to EUR 15.3 million.

The company reported a net loss of EUR 5.7 million, compared to a profit of EUR 1.1 million in 2023. Total assets decreased by 5.5% to EUR 108.2 million, with a notable improvement in operating cash flow, which increased to EUR 17.7 million due to enhanced working capital management.

BOOSTER plans to stabilize demand and increase EBITDA by over 20% in 2025. The focus will be on diversification into e-mobility, hydrogen technology, and precision machining, targeting industries like power, oil, and gas.