FRoSTA AG Reports Preliminary Financial Results for Fiscal Year 2024

FRoSTA AG has announced preliminary financial figures for the fiscal year 2024, revealing a consolidated net income expected to reach approximately €42.1 million. This outcome, representing 6.6% of sales, surpasses the mid-year forecast of around 5%. The stronger than expected performance is attributed to increased demand for the FRoSTA brand in both domestic and international markets during the second half of the year.

The company's revenue for 2024 is anticipated to be around €638.1 million, a slight decrease of 0.2% compared to the previous year, aligning with the projected revenue growth range of -1% to +1% as outlined in the half-year financial report. This performance reflects a favorable portfolio mix, as unprofitable contracts were not renewed, enhancing the overall profit margin.

These figures are preliminary and unaudited. The final financial results for 2024 will be released on February 13, 2025.