Quest Group in the first nine months of 2024 recorded consolidated sales of €926 million, EBITDA of €65.1 million, profit before taxes of €43.4 million, and profit after taxes of €33 million.

Compared to the corresponding nine-month period of 2023, sales increased 12%, operating profitability (EBITDA) 8.9%, earnings before tax (EBT) 4.8%, and net income (NII) 2.6%.

The lower growth rate in profit before taxes compared to sales is mainly due to the decrease in gross margin in trading activities and the increase in financial costs as a consequence of the increase in the base rate (Euribor) and the level of borrowings.

The group's net debt position (loans less cash) was €45 million compared to €17 million at 31/12/2023. The change is mainly due to the increased working capital requirements for the development of commercial activities abroad.