Aliaxis publishes financial results for 2024

Brussels – March 3^rd, 2025 – Aliaxis, a world leader in fluid and energy management solutions, posts resilient results in challenging market conditions.

Highlights – 12-month period ended December 31, 2024

• Revenue of €3.9 billion, a like-for-like ¹ decrease of 4.5% vs 2023
• Recurring EBITDA ² (REBITDA) of €550 million, decrease of 12.0% on a like-for-like basis1 vs 2023.
• REBITDA margin of 14.1%, decrease of 1.2 p.p. vs 2023
• Recurring net profit ³ of €240 million, down 16.1% vs 2023, excluding one-off items totalling €130 million
• Net financial debt ⁴ of €969 million, an increase of €215 million vs December 2023. Leverage of 1.8x last-twelve-months REBITDA
• Asheville (U.S.) plant severely damaged by flooding after Hurricane Helene in September 2024, leading to business disruption of €11 million impacting REBITDA and one-off costs of €31 million
• Strategic acquisition of the manufacturing assets of Johnson Controls’ CPVC fire suppression systems business in the U.S.
• Proposed dividend of €0.9460 gross per share. Stable dividend versus 2023

Managing Director Thierry Vanlancker comments on the 2024 results:

2024 was a year of change for us at Aliaxis—one of recalibration to new market realities and focus towards operational excellence. Like many in the construction business, we were prepared to serve ongoing post-Covid market growth and demand. Growth that did not materialize due to several geo-political and macro-economic factors. In 2024, we made the needed pivot more decisively—to ensure robustness and a sharper focus to guarantee long-term success. Aliaxis continues to be a profitable and resilient company, with leading positions and many of the strongest brands in our market segments worldwide.

This remarkable resilience was particularly visible in how our people responded to the Asheville flooding after Hurricane Helene in October, which put one of our key manufacturing sites completely underwater. Operations were down, significantly disrupting supply to our US markets. In the face of this challenge and showing their grit and determination, over 400 employees rallied and partially restored operations before year-end, with some staff voluntarily relocating to support production elsewhere, and the engineering team even setting records for machine commissioning times. While we will continue to feel the impact into 2025, we are ramping up production swiftly to be full strength by mid-year.

Worldwide group revenues were €3.9 billion, with a REBITDA of €550 million and REBITDA margin of 14.1%. Looking ahead, 2025 is going to be about focusing on operational excellence and performance management to further strengthen our market position as the global leader.