Vantiva met 2024 guidance, with increased sales and positive EBITDA and free cash flow.

From GlobeNewswire: 2025-02-27 12:17:42

Vantiva has met its guidance for 2024, with adjusted EBITDA reaching 104 million euros and positive free cash flow of 33 million euros. Sales increased by 19.3% to 1,865 million euros, mainly due to the consolidation of Home Networks activity. The successful integration of Home Networks business contributed to improved financial performance. The company anticipates sales to remain in line with 2024 levels in 2025 and aims to achieve more than €200 million of cumulative cost synergy by 2026. The SCS business unit divestiture is nearing closure, with an expected impairment of about 100 million euros.

In 2024, Vantiva faced a challenging market environment but saw a recovery in the second half of the year. Sales were driven by strong commercial success in North America, Asia, and certain European markets. Adjusted EBITDA improved to 104 million euros, with a margin of 5.6% of sales. Free cash flow also saw a positive turnaround, reaching 33 million euros. The company is focused on its connectivity businesses and driving strong performance for stakeholders.



Read more at GlobeNewswire: Full Year 2024 Estimated Operational Results