Secop Group Holding GmbH discloses full Financial Report 2024

On 30 April 2025, Secop Group Holding GmbH discloses its Consolidated Financial Report 2024.

In 2024 Secop achieved slightly higher Net Sales comparing to previous year and Internal Adjusted EBITDA ended well above last year’s level. Higher depreciation and amortization prevented further improvements in EBIT and Net Income.

Net Sales reached EUR 240,1m compared to EUR 235,5m in 2023. A significant increase in Mobile Cooling Sales, driven by a strong growth in the EV business, more than offset the slightly lower demand in Stationary Cooling. The Contribution Margin in % of Net Sales improved to 25,5% (PY: 23,8%), primarily reflecting an improved product mix, lower production costs and stabilized raw material and energy prices. With EUR 21,6m, the Internal Adjusted EBITDA exceeded previous year’s level by 17,4% (PY: EUR 18,4m) following the higher Contribution Margin, which compensated lower R&D-grants and -capitalizations. EBIT with its level of EUR 4,4m (PY: EUR 5,9m) was impacted by higher depreciation and amortization, caused by finalized investments and R&D development projects. The Net Income in 2024 finished at EUR -11,3m (2023: EUR -10,9m) being influenced by higher interest costs and significantly lower deferred tax expenses

For more details, please refer to the Consolidated Financial Statement as of 31 December 2024 on www.sg-holding.net.

For additional information, please contact:
Secop Group Holding GmbH
Lise-Meitner-Straße 29
24941 Flensburg
Germany
Tel: +49 461 4941 0
e-mail: IR@secop.com

About Secop: 

Since September 2019, Secop Group has belonged to the ESSVP IV fund, advised by Orlando Management AG, a leading investor in industrial businesses. Since its acquisition, the company re-focused its strategy to the core business: design and manufacturing of hermetic compressors and electronic controls for refrigeration solutions used in light commercial and DC-powered applications.