Novedo publish Annual & Sustainability Report for 2024
Novedo Holding AB (publ) publishes the Group's Annual & Sustainability Report for 2024 today.
"Novedo's value-creating business model, which includes three focused business segments and a strong geographical presence, is ultimately based on entrepreneurial and regionally leading companies, has demonstrated strength and stability in the ongoing challenging market conditions of 2024. The year concluded with sales over SEK 3 billion, reflecting 3.7 percent organic growth and an EBITA margin of 10.1 percent.
Due to increased geopolitical instability, I assess that the market climate will remain uncertain and challenging in 2025, with demand varying by segment and, to some extent, by geography. A more expansionary fiscal and monetary policy is expected to lay the foundation for a gradual increase in our customers' willingness to invest; however, we believe that the instability will dampen demand, particularly in the first half of 2025.
With the financing activities completed in 2024, we have established the conditions for a favorable long-term capital raise, and we now look forward to continuing our development of Novedo into a solid European industrial group," says Per-Johan Dahlgren, President & CEO, in his CEO statement.
The English version of Novedo's Annual & Sustainability Report for 2024 will be published around May 8, 2025, at www.novedo.se/en.
The Annual & Sustainability Report (in Swedish) is available at www.novedo.se. For environmental reasons, Novedo has chosen not to print the report. Anyone unable to access the report digitally can request a printed version via [email protected].