Thanks to a range of measures implemented to improve performance, Haniel was able to increase cash flow in financial year 2024: Compared to the previous year, operating free cash flow increased by over 70 percent to EUR 171 million. At the same time, Haniel reduced its net debt for the first time since 2020. Despite the difficult macroeconomic situation and a modest decline in revenue, Haniel recorded a slight increase in operating profit.
The Haniel Group generated revenue of EUR 4,205 million in 2024, representing a year on year decrease of 5 percent. This development was in large part due to declining revenue at TAKKT and Emma due to the weak economic market environment and operational challenges. Other portfolio companies increased their revenue – in some cases, significantly.
At EUR 276 million, operating profit was 2 percent higher than in the previous year, resulting in higher profitability. This increase was attributable to the higher earnings contributions from the four CWS companies as compared to the previous year, as well as to BauWatch and ROVEMA having successfully increased their operating profit.
Haniel also significantly improved its profit before and after taxes: After accounting impairment effects on financial assets had a strong negative impact on profit before taxes in the previous year, the figure rose from EUR -51 million to EUR 4 million. Profit after taxes improved from EUR -75 million in 2023 to EUR 1 million in 2024 and was thus back in positive territory.
Haniel plans to further stabilize its operating performance in 2025. The company initiated a comprehensive transformation in 2024 with the aim of increasing the overall performance of the portfolio and improving the company's resilience and potential for success.
