2024 annual results
Spadel records strong growth in 2024 through its successful strategy of local, natural and sustainable brands
Boosted by all its brands, the Spadel Group recorded a substantial increase in sales and operating profit, with a sharp rise in sales volumes across all markets where the Group operates.
- Thanks to the success of its local brands, volumes sold by the Group exceeded one billion litres for the first time.
- Turnover rose sharply (+9,7%), driven by all markets.
- Operating profit (EBIT) rose by 42,3%, reflecting the dynamism of the Group’s brands, innovations and commercial policy.
- Proposed gross dividend: 3,20€/share (2,24€ net) up by 45,5% compared with last year.
2024 was an exceptional year for the Spadel Group, with strong local brands (Spa, Bru and Zyla in the Benelux countries, Carola and Wattwiller in France and Devin in Bulgaria) increasingly winning over consumers. Volumes sold were up 9,1% on 2023, enabling the company to pass the symbolic milestone of one billion litres sold in a single year for the first time. At the same time, Group sales also rose by 9,7%, while profitability grew significantly. This success is all the more remarkable since it is not linked to a single country or a single brand, but instead stems from all the Group's activities.