Orascom Development Holding AG: FY 2024 Financial Results Released

Orascom Development Holding AG (ODH) released its financial results for FY 2024, displaying resilience despite challenges from the Egyptian Pound devaluation and geopolitical tensions. Despite a 13.9% quarterly revenue decrease to CHF 193.9 million, gross profit rose by 12.8% to CHF 68.7 million. Adjusted EBITDA increased by 12% to CHF 189 million, showing strong operational management.

FY 2024 saw total revenue at CHF 630.9 million, maintaining stability amidst economic pressures. Real estate sales notably grew by 16% to CHF 818 million. The hospitality segment showed a revenue increase to CHF 152.2 million, indicating lucrative operational strategies in a volatile market. However, finance costs rose by 18.1% due to increased interest rates, contributing to the overall complexity of the financial landscape.