Wolftank Group Surpasses EUR 100m Sales Milestone in 2024

Wolftank Group reported a significant rise in sales, reaching EUR 121.5m in 2024, a 40% increase compared to the previous year. This growth was driven by organic expansion and the acquisition of the Italian subsidiary Petroltecnica. Despite a challenging economic environment, the company's focus on operational efficiency and profitability remained evident.

The adjusted EBITDA for the year stood at EUR 9.4m, with EBIT at EUR 5.2m. However, the performance was affected by one-off effects such as inventory revaluation and higher depreciation, leading to a net loss after tax of EUR 1.5m when including all effects. Equity was stable at EUR 24.9m, with a net cash flow of EUR 9.3m.

The company’s three business segments showed growth, with Environmental Services leading the increase in sales. Wolftank Group plans to consolidate its segments, focusing on Environmental Services and Hydrogen and Renewable Energies from 2025. The group aims to finalize its Strategy 2030 in the second half of 2025, emphasizing consolidation and profitability.