THEON INTERNATIONAL PLC (THEON) announced today its preliminary results for the fiscal year 2024, demonstrating very strong performance, with 2025 forecasts confirming ongoing dynamic growth. Approximately 80% of the lower range of the forecasts is already covered by the backlog of orders.

THEON achieved revenues of €352.4 million, representing an annual increase of 61.1%, with an adjusted EBIT (Earnings Before Interest and Taxes) of €88.2 million, representing the best profit margin in the industry, at 25.0%.

 According to the company’s statement, by the end of 2024, working capital was increased, mainly due to higher demands from urgent orders requiring quick deliveries. This demonstrates that the strategic decision to build inventories through long-term agreements for key components was successful. The normalization of working capital has already begun in early January 2025.

The company secured additional orders worth €466 million in the fiscal year 2024, further strengthening its robust backlog and international presence.

Due to the significant organic growth and the acquisition of Harder Digital, THEON's workforce grew from 297 to 618 employees. This includes the addition of 19 highly specialized engineers to the Research and Development team. The company continued its commitment to developing the skills of its employees, providing approximately 2,100 hours of training in 2024. Furthermore, 37% of THEON's workforce now consists of women (up from 23% at the end of 2023), enhancing the diversity of its workforce.