Polytech 2024 Results: Progress in Profitability and Market Share
Polytech today reports financial results for the year ending 31 December 2024. Against a backdrop of ongoing industry challenges and transition, Polytech delivered a significantly improved bottom line and reinforced financial strength plus grew sales across its line of services, which includes blade monitoring and protection solutions during transport, installation, operation, and aftermarket.
In 2024 Polytech finalized the closure of activities in Germany, instead focusing on a stronger regional setup with activities in Denmark, China, and Mexico.
The net result in Polytech Group ApS for the financial year 2024 is -570 tEUR, which is a substantial improvement from 2023 (-9.665 tEUR).
2025 outlook
Despite the challenges in the wind industry, the strategic decisions of closer customer collaboration and continued benefits from restructuring activities, will continue to contribute to the positive development leading to an expectation of a positive result for 2025.
“In a flat market, we gain market share as we continue to deliver as promised to our customers. We serve various OEMs in the market, and asset owners are now requesting our solutions for both new wind turbines they order and as part of their active service strategy. Especially, our leading-edge protection solution optimized for the onshore segment has received strong market interest. I am proud of the effort made by everyone at Polytech,” CEO Allan JF Kristensen explains.
For more information, please contact:
CEO Allan JF Kristensen
Mail: ajf@Polytech.com
Marketing Director Michael Holm
Mail: mih@Polytech.com
Tel: +45 2294 3309