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• The Europe region has returned to the level of activity observed in 2023, with revenues almost on a par with the previous period, down -0.1% on a current consolidation scope and exchange rate basis, and -0.2% on a constant scope.

• The Americas region continues to be penalized by a wait-and-see environment with the post-election transition in the United States and recorded a decline in revenues of -11.0% on a current consolidation scope and exchange rate, and -10.6% on a constant scope.

• The Asia-Pacific-Middle East-Africa region posted revenues down slightly (-0.6%) at current exchange rates and reporting entity, but up 2.1% at constant exchange rates and reporting entity.

4^th quarter 2024 activity: revenues of €89.8 million

Revenues for the 4^th quarter 2024 amounted to €89.8 million, up +13.6% both on a current and constant scopes, compared with the 4^th quarter 2023, boosted by the upturn in business across all the Group's geographical regions.

The global trend for this 4^th quarter 2024 results from:

• The Europe region that accelerated its recovery (+11.3%), driven by all its strategic markets;

• The Americas region that is experiencing a significant recovery (+14.3%), mainly in the Tensile Architecture and Modular Structure markets;

• The APMEA region, which marks the end of Tensile Architecture's product lag (+21.2%), more than offsetting the delay accumulated over the first 3 quarters of the year.

And consists of:

• A price/mix effect of -8.7%;

• The absence of any significant currency impact;

• A strong volume effect, up +22.3%.

Outlook

Backed by the first positive impacts of the upturn in business during the second-half year, the Group intends to continue implementing the various operating efficiency measures set out in the Transform 2025 plan over the coming year. The full-year effects of this plan, combined with the current improvement in economic conditions in all our markets, confirm the Group's ambition to return rapidly to profitability.

Financial calendar

- Publication of 2024 Full-year results, on March 26, 2025, after market close.

ABOUT SERGEFERRARI GROUP

The Serge Ferrari Group is a leading global supplier of composite materials for Tensile Architecture, Modular Structures, Solar Protection and Furniture/Marine, in a global market estimated by the Company at around €6 billion. The unique characteristics of these products enable applications that meet the major technical and societal challenges: energy-efficient buildings, energy management, performance and durability of materials, concern for comfort and safety together, opening up of interior living spaces etc. Its main competitive advantage is based on the implementation of differentiating proprietary technologies and know-how. The Group has manufacturing facilities in France, Switzerland, Germany, Italy and Asia. Serge Ferrari operates in 80 countries via subsidiaries, sales offices and a worldwide network of over 100 independent distributors.

In 2024, Serge Ferrari posted consolidated revenues of €323.6 million, over 80% of which was generated outside France. The SergeFerrari Group share is listed on Euronext Paris – Compartment C (ISIN: FR0011950682). SergeFerrari Group shares are eligible for the French PEA-PME and FCPI investment schemes. www.sergeferrari.com

View source version on businesswire.com: https://www.businesswire.com/news/home/20250130984342/en/

Contacts

Valentin Chefson
Head of Relations Investisseurs
investor@sergeferrari.com

NewCap
Investor Relations – Financial Communication
Théo Martin / Nicolas Fossiez
Tel.: +33 (0)1 44 71 94 94
sferrari@newcap.eu