If I had to define what has been the year 2024 for Arteche, I would say that it has been an exercise marked by robust performance in the market and in which we have demonstrated our ability to adapt and improve in a challenging global environment.
Until last June, with the talent of all the people who are part of Arteche, we achieved an increase in sales of 19.6%, reaching 225 million euros, which reflects our solid positioning in the energy sector at the level international. In addition, our net benefit grew a notable 73%, placing 7.4 million euros, while Ebitda increased by 41.4% to touching 25 million and assuming 11% on sales, thanks to efficiency in efficiency cost management and the impulse of our sales volumes.
This success is due in large part to a sustained growth in our project portfolio, which managed to obtain 285 million euros, which guarantees that the company will continue with a strong workload during the coming months. Another of the reasons that explain good data is our geographical diversification strategy, with an 82% growth in the Asia-Pacific region, while North America, and particularly the United States, remains a key market for us, in The one we have strengthened our client portfolio and adding strategic alliances.
Innovation for energy transition, the formula of our success
The innovation placed at the service of the transformation of the electricity sector constitutes the ‘secret formula’ of the good performance of Arteche. During 2024, we have continued to make significant R&D investments for the development of innovative solutions that improve the efficiency and sustainability of electrical infrastructure. We have also opted to access new business niches through corporate operations. The clearest example of this has been our arrival to the energy storage business through our entry in Talaloop, a leading company in the development and production of inertia flyers, which also meant the first operation carried out by Arteche Ventures.
But our commitment to the energy transition is not reflected only in our business, but also in our efforts to reduce our carbon footprint and increase the use of renewable energy. In the first half of the year, we got the renewable sources to cover 59% of our energy consumption, and we have continued working since then for gradually increasing this percentage to place it by 100% by 2023. We are aware that these actions are only one issue of social responsibility, but also a commitment that reinforces our position as promoters of change towards a cleaner and more sustainable future.
The beginning of our strategic plan 2024-2026
It should also be noted that our first major mile sustainability and optimization and operational efficiency.
At the end of 2024, we can say that we are fulfilling the objectives of our strategic plan, and even exceeding them, and that is a great source of motivation for us for a 2025 in which we hope to continue surpassing us day by day.
Perspectives for 2025: Growth and strategic markets
Looking around 2025, our expectations are optimistic. We hope to maintain sustained growth around double digit, driven by the growing demand for efficient and sustainable energy solutions. Our strategy focuses on consolidating our presence in key markets, such as the United States, Mexico and Spain, and expanding in new regions with high growth potential.
In short, the achievements of 2024 have prepared us to face the challenges and opportunities that 2025 will bring with them. We will continue working with dedication and determination to offer innovative and sustainable solutions that benefit our clients and contribute to the development of a more efficient, competitive and respectful electricity sector with the environment, generating value and confidence for our investors, clients and partners.