The year 2024 has been a key period for Arteche, marked by sustained growth, consolidation in strategic markets and a firm commitment to Innovation and sustainability. With a Increase in 11.5% billing up to 447.4 million euros and a net profit that has grown 56.7%the company has exceeded its own objectives, strengthening its position in the global electricity sector.
In this interview, we explore with Arteche the most important milestones of the yearthe performance in its different markets and their expectations for the future. In addition, we analyze the Energy storage impact In the company’s strategy, the progress of its strategic plan 2024-2026 and its commitment to sustainability in a sector in full transformation.
For Arteche, 2024 has been a key year for the consolidation of the company in strategic markets
How do they evaluate the results obtained in 2024? What have been the most important milestones of Arteche?
Exercise 2024 reflects very positive results, which crystallize throughout the entire account and are a sign of the great work of the entire team and our excellent capacity to Take advantage of these winds that we are living in our sector with an increasingly consolidated market position.
Starting from above:
- The recruitment increases 12.3% exceeding € 500m.
- The billing It grows 11.5% to € 447.4m.
- He direct margin It expands up to 35.5% on sales reflex of our commitment to operational efficiency.
- He Ebitda It reaches the € 51.6m increasing its weight on sales up to 11.5%, if we look at it in an isolated semester 12.1% indicator that marks a good path towards our objective of the strategic plan.
- We reach a Net profit of 18.9m € which represents an increase of 56.7% compared to the previous year reflecting our ability to generate value and success of our strategy.
- At the balance level we close 2024 with a debt of € 25.6m It places us well below the 2x Ebitda ratio established in the strategic plan.
Another objective of our plan is convert at least 30% of the EBITDA into cash flowI want to clarify that this ratio refers to the generation of box before inorganic activity and compensation to the shareholder. Well, in the 2024 We have overcome that goal, reaching a 48% conversion ratio. If we also eliminate the expansion capex, the operating free cash flow amounts to € 40m, which represents 78% of our Ebitda.
In short, Arteche’s financial position has been strengthened even more, which places us in an excellent position to continue growing and take advantage of opportunities in the future.
Regarding the breakdown for markets, how has Arteche’s performance evolved in each of them in 2024? Which one has presented the fastest growth?
In 2024, all our Business lines They have contributed to the increase in sales. The market that has stood out in terms of billing has been Asia-Pacific With a growth of 21.6%, a good fact in a key market for Arteche as we presented in our strategic plan, with important growth objectives.
In geographical terms, USA It remains our main market, promoted by investment in renewal of electrical infrastructure. We have also seen significant growth in Spain, Mexico, Australia and Canada. In general, we believe that this performance values our strategy of geographical diversification and international expansion, allowing us to mitigate the different clinical rhythms in each country.
Energy storage is a strategic area for Arteche. What expectations have regarding this segment and how do they see their evolution in the near future?
Energy storage is essential for energy transition, and is probably one of the great challenges. In 2024, we have increased our participation in this sector through our entry into Teralopa specialized Finnish company, a strategic technology, inertia flyers, with wide capacities for Improve the quality, safety and stability of energy supply.
It is a future bet, we see a Great potential In this segment given the growing approach to renewable energies And the need for efficient storage solutions globally, and we are sure that this area will continue its development in the coming years.
Something similar we did about 10 years ago with direct current, we made a future commitment for innovative technology, which today allows us to enjoy a privileged position in a booming market, where we have already signed contracts with the main players.
We believe that this bet will follow the same path.
In 2024, the 2024-2026 strategic plan was launched. How do you carry the implementation and what forecasts do you have in the future?
Compliance with Strategic plan of the 2024-2026 years to which we titled “Energizing Futures Together» Advance at a very good pace, as you have been able to check in the numbers already presented.
We have fulfilled the financial and operational objectives established by 2024, and we have even managed to overcome them in some aspects, consolidating the basis of our growth.
The plan focuses on the Innovation, digitalization and sustainabilityas well as in the Inorganic growth and international expansionwith the aim of strengthening our leadership position in the sector.
In the future we hope to continue growing, in a demand market and in full boom, with an increasingly consolidated market position.
The energy transition is key to the sector and Arteche has a strong ASG commitment by 2030. What advances have managed to reduce carbon footprint and renewable energy consumption?
We keep achieving significant advances in our ASG strategya medium -term strategy in which we advance at a good pace to achieve a series of key objectives in 2030.
As highlighted in 2024, We reduced our carbon footprint in a 26% compared to 2021 and We increase renewable energy to 63% of our total. These achievements, as I have already mentioned, are part of our commitment to achieve 100% renewable energy consumption and reduce our 50% carbon footprint by 2030.
We have also Increased the percentage of recycling and reuse of waste until reaching 68% on the total waste generated. In addition, it should be noted that we have improved our score in international sustainability ranches, such as CDP and Ecovadis, where we are in a higher percentile than industry companies.
For us sustainability It is something fundamental and historical of Arteche, has always been present, and as you can see, it will continue to be, increasingly with more ambitious objectives.
What expectations does the company have for 2025 and how do they plan to continue with its international expansion?
Facing 2025, we will continue on the path of compliance with the strategic plan, supported by our drivers, and a solid demand for efficient and sustainable energy solutions.
We are increasing capabilities in plants such as China, Mexico o Space and we plan to expand our presence in key markets such as North America, Asia and Europeleverage in our positioning and capacity for innovation.
In addition, we have a solid M&A strategy, in which we will continue to seek opportunities for inorganic growth that drive our growth.
In the face of the future, how do you see the future of the sector in the coming years and what role will Arteche play in this energy model aimed at sustainability?
We believe that the electricity sector faces an exciting and challenging future at the same time, marked by the energy transition in a world in constant movement.
Arteche is well positioned to play a key role in this process, thanks to our Innovation experienceto the good prospects of the sector, to the good positioning and recognition of our products in the market.
We believe that we will continue to be an important actor in the development and implementation of technologies that improve the efficiency and modernization of electrical networks, thereby supporting the energy transition globally.