Uzin Utz reports convincing business figures

• Group sales revenue: 476.0 million euros (479.3 million euros in the previous year)
• EBIT: 42.8 million euros (34.5 million euros)
• EBIT margin: 9.0 % (7.2 %)
• Dividend proposal: 1.90 euros per share

Ulm, April 1, 2025 – Uzin Utz, a globally operating full-service provider for flooring systems headquartered in Ulm, presented its financial results for the 2024 fiscal year today during its annual financial press conference and earnings call. With consolidated revenues of 476.0 million euros, the company nearly matched the previous year’s level (479.3 million euros), reflecting a slight decline of 0.7%. Earnings before interest and taxes (EBIT) amounted to 42.8 million euros, significantly exceeding the prior year’s figure of 34.5 million euros – an increase of 24.1%. This positive result was primarily driven by consistent cost optimization measures and an easing of conditions in the procurement market.

Against the backdrop of a challenging economic environment, the Executive Board of Uzin Utz SE looks back on a positive business performance in the 2024 fiscal year. “Despite declining growth in the construction industry in some of our core and growth markets, the Group generated revenues of 476.0 million euros,” said Christian Richter, CFO of Uzin Utz. This represents a shortfall of only 3.3 million euros compared to the previous year’s figure of 479.3 million euros. Earnings before interest and taxes (EBIT) amounted to 42.8 million euros, marking an increase of 24.1% compared to last year (34.5 million euros). While EBIT had shown only a slight increase year-over-year up to the third quarter, it improved significantly by the end of the year. “This positive development was largely supported by an optimized cost of materials ratio and reduced freight costs. Additionally, currency gains had a favorable impact on the result,” Richter added.

Uzin Utz continues to set standards in research and development

With expenditures totaling 14.6 million euros (previous year: 13.7 million euros), Uzin Utz once again made one of the largest investments in research and development in the company’s history since it was founded in 1911. At twelve development sites worldwide, around 141 employees worked in international teams on a total of 140 innovation projects. “Our strong innovative capacity is the foundation we build on. We have powerful product solutions and machines in the pipeline that our customers can look forward to,” emphasized Julian Utz, COO of Uzin Utz SE.

Investments in future technologies and infrastructure

In the 2024 fiscal year, Uzin Utz SE undertook further significant investments in its digital infrastructure and the expansion of production capacities. Total investments amounted to 14.7 million euros (previous year: 20.4 million euros). A portion of these funds was allocated to the modernization of the existing ERP system, aiming to even more streamline processes. In addition, the subsidiary Pallmann GmbH invested in a new filling line, while Uzin Utz North America Inc. continued to expand its operational and business equipment. “With these investments, we are enhancing our efficiency toward the customer. Combined with our multi-brand strategy and international presence, we are equipped with the flexibility and resilience needed to position ourselves securely for the years ahead,” emphasized Philipp Utz, CSO of Uzin Utz.

Employees

The number of employees in the Uzin Utz Group rose from an average of 1,480 to 1,490 (excluding trainees). Of these, 704 (previous year: 699) were employed by the Group’s international subsidiaries. 

Outlook 2025 | Uzin Utz expects slight growth in a challenging market environment

For the 2025 fiscal year, Uzin Utz anticipates a slight recovery in the construction industry, although geopolitical risks and economic uncertainties will continue to pose challenges. According to Euroconstruct, new residential construction is expected to stagnate, and a slight decline is forecasted for the renovation sector, while non-residential construction is projected to grow. In this context, the company expects a slight increase in revenue. “Despite the difficult overall conditions, we remain optimistic about the future. We have proven our resilience amid the political and economic headwinds of the past year. Even though the environment remains challenging, we will stay the course. Our strategy will support us along the way,” said Christian Richter, CFO. However, earnings development will be impacted by increasing competitive pressure and rising costs. 

The Executive Board and Supervisory Board propose a dividend payment of 1.90 euros per share

The Executive Board and Supervisory Board will propose a dividend of €1.90 per share (2024: €1.60) to the Annual General Meeting on May 13, 2025. 

Click here for the digital Annual Report 2024: https://annualreport.uzin-utz.com/.