IEK GROUP has disclosed the data of the issuer's report for 2024 and confirmed the resilience of its business model.
The company's revenue increased by 15% compared to 2023 and amounted to 51.4 billion rubles. Net profit grew by 12% y/y, the EBITDA indicator - by 42% y/y (7.8 billion rubles). Thus, the company maintained confident dynamics despite turbulence and external challenges.
IEK GROUP strengthened its positions in the premium market as well: the share of high and medium segment products in the revenue structure increased by 1.6 p.p. and amounted to 45.6%.
In the reporting period, IEK GROUP emphasized localization, expanded logistics infrastructure and production capacities. In 2024, the company acquired industrial space in five Russian cities and continued the modernization of assets acquired in 2023 from Legrand Group. These initiatives allowed forming a foundation for long-term business scaling and increasing the availability of the assortment throughout the country.
The text of the report is available at the link:
https://www.iek.ru/promo/investors/documentation/Otchet_emitenta_emissionnyh_cennyh_bumag_OOO_%C2%ABIEK_HOLDING%C2%BB_za_12_mes_2024_g.pdf.