Coral Group: positive 2024 results in the consolidated financial statements to be published shortly

With the official closing of the financial statements for its 32 subsidiaries, Coral Group takes another important step toward the publication of its consolidated financial statements for the 2024 financial year, scheduled for the end of June. This milestone reflects the Group’s solidity, long-term vision, and unwavering commitment, even in a complex and evolving global landscape.

Slight decline in revenues and in operating profits: a scenario under control

The preliminary results depict a generally positive outlook:

• Revenues of the subsidiaries show a small decline compared to the 2023 financial year.
• EBITDA has seen a slight decline, primarily due to two factors: increased competitive pressure in our sectors of operation, and a rise in labour costs following recent national contract renewals aimed at mitigating the impact of inflation recorded in the previous year.

While these changes have affected profit margins, they occurred within a widely anticipated and carefully managed scenario—further confirming Coral Group’s capacity for strategic foresight and effective response.

Solid performance amid global challenges

The year 2024 was marked by significant geopolitical and economic instability on a global scale. In this context, maintaining a balance between revenue and operating profitability is both encouraging and noteworthy. The Group has responded effectively to growing market competition, continuing to invest in innovation, quality, and international expansion.

As CEO Claudio Coral put it:

“The results we have achieved are both important and positive, especially considering the political, economic, and global risks faced in 2024.”

Looking ahead to the consolidated financial statements

Current data strongly suggest that the trends observed in the individual subsidiaries’ financial statements will be reflected in the Group’s consolidated financial report, expected to be published in June. This report will provide an updated snapshot of Coral Group’s economic and financial health and will serve as a key reference for investors, partners, and institutional stakeholders.

Coral Group continues to follow a trajectory of sustainable growth, driven by strategic vision, social responsibility, and a steadfast commitment to innovation in the fields of health, safety, and the quality of workplace environments.