COIL Reports 2024 Financial Results Amidst Market Challenges

Brussels-based COIL, a leader in aluminium anodising, reported a 10.5% increase in revenues for 2024, reaching €24.1 million. This rise was primarily attributed to a collaboration and licensing agreement in China. However, despite growing revenues, the company faced a net loss of €3.2 million. This was mainly due to increased operating expenses and an impairment of goodwill.

COIL's tolling sales remained stable, forming 79% of total sales, while packaged sales increased by 7.5% in the European market. The strategic agreement in China contributed €2.0 million in licensing revenues and is expected to further generate non-recurring revenues in 2025.

Despite the revenue growth, profitability was hindered by higher energy costs and non-recurring expenses. COIL's net financial debt at the end of 2024 stood at €4.6 million, considered under control despite a slight increase in its equity ratio.

For 2025, COIL anticipates a decline in sales and aims to optimise costs and leverage its market presence, especially in burgeoning Asian regions.