Wolftank Group Doubles Sales and Significantly Improves Profitability in H1 2024

Wolftank Group, a leader in environmental and energy solutions, reported robust growth in the first half of 2024. Sales surged to EUR 62 million, more than doubling from EUR 30.1 million in the same period in 2023. EBITDA almost quintupled to EUR 4.8 million, with a margin of 8%, up from 3.5%.

The company's operating result improved from EUR -0.6 million in H1 2023 to EUR 1.4 million in H1 2024. Profit before tax turned positive at EUR 0.25 million. Group equity increased by a third to EUR 25.5 million. Net cash flow was EUR 6.1 million.

The acquisition of Petroltecnica bolstered growth, especially in Environmental Services, which saw sales increase 2.5-fold to EUR 41 million. Hydrogen & Renewables and Industrial Coatings & Maintenance also showed notable growth.

In September 2024, Wolftank Group established a Strategy Advisory Board, enhancing its strategic direction and ability to capitalize on emerging opportunities in energy and environmental sectors.