The centrotherm Group reports a successful 2024 financial year in which it succeeded in increasing its consolidated revenue by more than 57 % year-on-year to EUR 238.2 million. International business remained of central importance with a revenue share of around 88 % and the continued strong focus on Asia. The Group's total operating performance developed similarly to Group revenue and increased by almost 50 % to EUR 292.4 million. The forecast at the upper end of the range of EUR 200 million to EUR 300 million was therefore met.

Consolidated earnings before interest, tax, depreciation and amortization (EBITDA) also devel-oped very positively in the 2024 financial year. centrotherm succeeded in more than doubling the previous year's figure of EUR 19.0 million to EUR 39.2 million, thereby significantly exceeding the forecast of EBITDA in the low double-digit million euro range. This success is due in particular to the higher-than-expected number of customer acceptances by the end of 2024 and an improvement in the operating margin. In line with the strong earnings trend, cen-trotherm also significantly expanded its equity base by more than 31 % to EUR 109.3 million, which corresponds to an increased Group equity ratio of 27.5 % (December 31, 2023: 26.3 %). This primarily reflects the significant growth in consolidated net income of 39 % to EUR 26.0 million. The centrotherm Group's liquidity position was also significantly strengthened in 2024. Cash and cash equivalents almost doubled from EUR 50.1 million to EUR 96.0 million.

centrotherm also succeeded in meeting its forecast for new order intake. The order volume of EUR 164.0 million achieved was in the middle of the EUR 150 million to EUR 180 million range. EUR 143.3 million was attributable to the semiconductor industry, and EUR 19.8 million to the photovoltaic industry. Around EUR 1 million came from new business fields. Against this back-drop, the order backlog as at December 31, 2024 amounted to EUR 458.0 million.

In line with the challenging market environment, the company has already launched a pack-age of measures in 2024 to effectively counter external and industry-related risks. The measures focus on a responsible spending strategy and financial planning, sustainable effi-ciency improvements, and targeted investments in the future product portfolio. Against the backdrop of customers' investment restraint in the semiconductor industry, centrotherm expects order intake to remain moderate at between EUR 60 million and EUR 120 million in the 2025 financial year. The Management Board also forecasts positive EBITDA in the lower double-digit million euro range with total operating revenue of EUR 150 million to EUR 230 million.

About centrotherm international AG

Thermal production solutions and coating technologies are among centrotherm's core competencies. For more than 70 years we have been developing and implementing production concepts for a con-stantly growing international customer base. In addition to growth sectors such as the semiconductor and microelectronics industry, as well as photovoltaics, our innovative solutions are also being applied in new future-oriented fields such as fiber or battery production. As a leading, globally active technology group, we work closely with partners from industry and research. We improve existing production concepts and set new trends. In this way, we generate valuable competitive advantages for our customers. Around 700 employees worldwide are working to shape the future - GREEN | SMART | EFFICIENT.

centrotherm international AG
Württemberger Str. 31
89143 Blaubeuren
Internet: www.centrotherm.de

German Securities Identification Number (WKN): A1TNMM (bearer shares); A1TNMN (unlisted shares from the non-cash capital increase)
ISIN: DE000A1TNMM9 (bearer shares); DE000A1TNMN7 (unlisted shares from the non-cash capital increase)
Inclusion: Basic Board, Frankfurt Stock Exchange
Corporate domicile: Germany