From GlobeNewswire: 2025-02-21 02:00:00

Cabka N.V. announced its 2024 preliminary update, expecting sales to be around €182 million, in line with guidance. European Portfolio business grew by 8%, US Portfolio by 10%, and ECO business by 4%. However, US Customized Solutions and Contract Manufacturing saw declines. Gross margin improved to 51.3%, but EBITDA margin fell below guidance at 11-12%.

Due to challenging market conditions, Cabka decided not to pay a dividend for 2024 to focus on financial stability and growth. The company will issue a comprehensive update on March 18, coinciding with the release of full-year preliminary results for 2024. Cabka’s financial reporting calendar for 2025 includes key dates for shareholders and investors.

Cabka, specialized in transforming hard-to-recycle plastic waste into innovative Reusable Transport Packaging, generated €182 million in sales in 2024. Despite an 8% decline from 2023, the company achieved a healthy underlying growth of 4.5% by adjusting for declines in certain segments. Cabka is listed on Euronext Amsterdam under the ticker CABKA.



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