on RACING FORCE (EPA:ALRFG)
Racing Force Group Achieves Strong Financial Growth in 2024
Racing Force Group reported significant growth across key financial metrics for the fiscal year 2024, as approved by its Board of Directors. The company's revenues increased by 4.8% to €65.7 million, with notable progress in European and Asia-Pacific markets. Gross profit rose to €40 million, and adjusted EBITDA reached €10.5 million, marking a 9.4% improvement. Additionally, operating cash flow surged to €7.6 million, reflecting a substantial cash conversion rate of 72%.
The company credits its robust performance to strong sales in its core motorsport business, supported by strategic investments and expansion efforts. In anticipation of new regulatory demands and commercial agreements, Racing Force aims to further elevate its market position. The company is also exploring growth opportunities in defense sectors, with new helmet prototypes already drawing international interest.
R. E.
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