Turnover growth was mainly supported by a 17% increase in sales in the B2B channel. The operational profit recorded by the company in the first 9 months rose by 20%.
“The year 2024 brought a series of challenges and the results obtained in the first 9 months confirm that the adopted strategy paid off. We have further strengthened our market position by focusing on the B2B distribution channel. Operationally, we have adapted, and the actions undertaken have led to efficiencies reflected in the increase of the turnover and of the operational profit. In the third quarter, we made a new step in our growth strategy through the partnership with Menlo Electric, which opened the way for us into the renewable energy market,” stated Irinel Gheorghe, Sipex CEO.
Sales in the retail channel by 1.50%, and those through store and online by 22.60%.
Sipex is exploring new business development and sustainable growth opportunities, aiming to reach EUR100 million turnover by end-2026.
Sipex has a RON121 million capitalization and is 91.9% controlled by Constantin-Irinel Gheorghe. The company’s shares have dropped by 1.9% since the start of 2024 amid RON1.9 million deals.
(English version by Catalina Apostoiu)