2024 proved to be a year of consolidation for the Coral Group. All the directors of the companies belonging to the Group worked hard to maintain and strengthen the excellent results achieved in 2023.
Consolidated turnover stood at €143.27 million, a slight decrease of 4.88% compared to the previous year. Despite the complex economic environment, EBITDA remained in double digits at 12.29%, confirming the Group's solidity and management efficiency.
These results show that 2023 was not an isolated episode of favourable market conditions, but rather the beginning of a phase of stability and sustainable growth.
The investments made in 2023 in the context of Industry 4.0 came into full effect in 2024.
The new technologies implemented have helped to make production processes faster, more effective and more efficient, further strengthening the Coral Group's competitiveness in the global market and laying the foundations for a future focused on continuous innovation.
The subsidiaries and affiliates – Coral USA, Coral Asia, Coral India, Quickduct India, Coral GmbH and Depureco USA – showed steady growth in terms of turnover and development in their respective markets.
These results testify to the Group's correct strategic positioning and its ability to adapt to the needs and dynamics of diversified international markets.
Looking to the future, all Coral Group employees and partners are fully committed to pursuing the turnover growth targets for 2025, as well as maintaining current levels of profitability.
Despite a global context characterised by significant geopolitical and economic challenges, these goals are entirely achievable by the end of the year, judging by the results of the 2025 half-yearly consolidated financial statements.
The Coral Group would like to express its sincere thanks to all those who, with their commitment and dedication, contributed to the success of 2024, confirming the strength and cohesion that have always distinguished our industrial reality.