WE.CONNECT Announces Solid Growth in 2024

WE.CONNECT, a specialist in high-tech accessories, posted double-digit growth in 2024, with a 13.7% increase in revenue to €300.2 million. EBITDA increased by 11.2%, despite a slight decline in gross margin to 11.2% of revenue.

Operating profit increased by 16.3%, while net profit fell by 19.3%, impacted by unfavorable currency effects. Despite this decline, the company's financial strength strengthened, with a 24.2% increase in active cash.

WE.CONNECT will propose a dividend of €0.40 per share at its General Meeting. 2025 promises to be a year of innovation with the modernization of logistics infrastructure and websites, supported by the integration of MCA TECHNOLOGY.