MS Industrie AG Releases 2024 Annual Report

MS Industrie AG has published its 2024 Annual Report, highlighting strategic shifts and financial outcomes. The company experienced a reduction in sales following a strategic focus on its core business, reporting consolidated revenues of EUR 171 million compared to EUR 250 million in 2023. The net result was a loss of EUR 3.9 million, contrasting with a profit of EUR 4.6 million the prior year. Key factors influencing these results included geopolitical issues and a weak truck market.

In 2024, the company sold a majority stake in MS Ultrasonic Technology Group, retaining a 49% share. Notable developments included the completion of a production hall expansion and automation advancements at the Trossingen site. The company's digitalization efforts are expected to yield benefits in 2025.

MS XTEC achieved a significant contract extension with a major customer, projecting a business volume exceeding EUR 100 million over six years. MS Industrie AG's expansion into the USA marks a strategic return to international markets, with promising growth potential in diverse industries.