Permasteelisa Group, the global leader in the design, construction and installation of technically advanced façades, has reported a solid performance for the year ending 31 March 2024, underpinned by a strong balance sheet.

 

With a turnover for the year of €790m, the organisation’s adjusted EBITDA was €27m (Earnings from underlying trading before Interest, Taxes, Depreciation and Amortisation). It reported an improved operating margin, positive cash flow and an increase in new orders. At fiscal year end the net equity of Permasteelisa Group was €101m.

 

Liam Cummins, the Group’s CEO, comments: “We are making good progress in building a platform to enable us to reach our full potential, against a challenging backdrop of economic uncertainty, inflationary pressures and a flat global market.

 

“We saw an improved gross margin and an 18% increase in new orders during the period in target markets including the UK, North America and Asia. Europe also remains a key market. This is supported by an industry-leading Net Promoter Score (NPS) of 60+ and an order book of over €1.1bn.

 

“We remain debt free and our balance sheet is strong with a significant cash balance, giving us a solid foundation to grow in line with our strategic plan.

 

“Political and macro-economic uncertainties will undoubtedly have an impact on our markets in the near-term. We are therefore being more selective in the type of work we take on and are diversifying our global portfolio.

 

“I remain optimistic about the Group’s future. We have the right strategy in place, a talented team to deliver it, and a very supportive shareholder group in Atlas Holdings".