Performance Technologies reported a 40.2% increase in turnover (41% for the Company) in the first half of 2024 compared to the same period last year, at 34,258 thousand euros, according to the announcement of the results and the Management Report of the Board of Directors.

Gross profit increased by 25.8% (30% for the Company), to 9,364 thousand euros. Adjusted earnings before interest, taxes, financing, investment results, depreciation and amortization (EBITDA) increased by 5.7%, to EUR 3,090 thousand, while earnings before taxes decreased by 14.3%, to EUR 2,100 thousand.

A similar rate of revenue growth was achieved in the first half of 2023 compared to the first half of 2022, and this trend appears to be further escalating for the remainder of 2024.

The profitable growth, almost entirely organic, comes as a result of investments made intensively since the beginning of 2022, the statement said.