Airtificial closes 2024 with the best results in its history
- After more than three years of management focused on continuous financial performance improvement, Airtificial Group closed last fiscal year with a positive net profit of €0.6 million; an EBITDA of €12 million, double that of 2023; and revenue exceeding €110 million, driven by the defense and robotics sectors. The order backlog reached a record €206 million.
- Airtificial ended 2024 with a positive EBITDA across all three business units. Aerospace & Defense increased by 113% due to the recovery of civil aviation and growth of the Defense sector. Infrastructures grew 92% driven by the expansion of water engineering projects, particularly in Latin America, where it has consolidated its leadership. Intelligent Robots improved its EBITDA by 11% and remains the Group’s highest turnover division (€51 million).
Madrid, 27 March 2025. After more than three years of continuous improvement in its financial performance, Airtificial Group has successfully achieved its profitability goal. The company closes 2024 with the best results in its history, reporting a positive net profit of €0.6 million, compared to a net loss of €4.3 million in 2023; an EBITDA of €12 million, 90 percent more than the €6.3 million of the previous year; an operating income of €4.8 million, 220 percent more than the €1.5 million at the end of 2023; and a turnover of €110 million, 10 percent higher than the €100 million of the previous year. Furthermore, the company secured a record order backlog of 206 million euros at the end of 2024, more than 16 per cent higher than the €177 million euros of the previous year, which, together with the fact that it has generated a positive operating cash flow of five million euros, guarantees its growth in the short and medium term.
Guillermo Fernández de Peñaranda, CEO of the Airtificial Group, stated: “The 2024 year-end results confirm the Company’s positive trajectory. We have achieved a net profit, increased revenue, met our scheduled debt amortization, and secured a project portfolio that sets a promising short-term outlook”.
Positive EBITDA and higher turnover
A new management model based on resource optimization, intra-group synergies, and diversification—both in product offerings and geographic reach—has successfully turned the company’s performance around. All three business divisions closed 2024 with positive EBITDA.
Intelligent Robots recorded an EBITDA of €6.2 million, an 11% increase from €5.6 million in 2023. Revenue remained above €50 million, consolidating its position as the Group’s top revenue generator. Growth was largely driven by high-value technological developments for Tier-1 suppliers, such as intelligent assembly lines for electric and hybrid vehicle production, particularly for steering systems and battery cooling systems. The robotics unit, which celebrated its 25th anniversary in 2023, strengthened its position in 2024 as a strategic partner for leading global Tier-1 automotive suppliers. Over its 26-year history, it has delivered more than 700 turnkey projects across Europe and the Americas. Notably, in 2024, the company secured the largest intelligent assembly line project in its history, measuring 100 meters in length and 20 meters in width. Airtificial’s assembly lines are used in the production of brands such as BMW, Cupra, Mercedes-Benz, Volkswagen, and Tesla, among others.
Aerospace & Defense, propelled by defense sector growth and civil aviation recovery, emerged as the fastest-growing division. It achieved an EBITDA of €6.4 million, marking a 113% increase from €3 million in the previous year, and revenue of €40 million, a 23% rise from €32 million in 2023. In 2024, the division manufactured over 60,000 aircraft components—both civil and military—in composite materials for Airbus and other clients. Airtificial is among the few global manufacturers with the expertise and technology to produce flight sticks. In 2024, the company produced over 100 advanced flight sticks for Turkish Aerospace Industries (TAI) for its new fighter jets and other defense aircraft. Airtificial remains one of the few companies worldwide, alongside BAE Systems, with the capability to develop the complete engineering process for these military aviation systems.
Infrastructures reported an EBITDA of €2.3 million, reflecting a 92% increase from €1.2 million in 2023. Revenue grew by 25% to €19 million, up from €15.3 million. This growth resulted from a strategic focus on civil engineering sectors related to environmental resource management, particularly water and air quality. The division has established a leadership position in water engineering in Latin America, with major projects in Peru, Colombia, and Honduras. With over 30 years of expertise, it offers proprietary digital and technological capabilities and has executed projects involving big data platforms for air quality control and measurement in Spain and Latin America.
Doubling EBITDA to sales ratio and halving debt to EBITDA ratio
A key outcome of the new management model and strategic development has been a significant improvement in EBITDA related financial ratios. The Group successfully doubled its EBITDA to sales ratio to 11% in 2024, compared to 6% in 2023. All three business units improved this ratio.
Aerospace & Defense achieved the highest increase, closing the year with an EBITDA to sales ratio of 16%, up seven percentage points from 9% in 2023. Infrastructures followed with a 12% ratio, an increase of four percentage points from 8% in 2023. Intelligent Robots reached 12%, one percentage point higher than the 11% recorded the previous year.
Another key financial indicator that significantly improved due to the new management approach was the debt to EBITDA ratio, which closed 2024 at 5.0 points, less than half of the 13.2 recorded in 2023. This highlights the company’s enhanced profitability and its ability to meet scheduled debt repayments.
Record order backlog of €206 million
A record-high order backlog ensures the company’s short-term growth. As of year-end 2024, Airtificial secured a project portfolio valued at €206 million, representing a 16% increase from €177 million at the end of 2023. The portfolio includes projects in high-growth sectors such as automotive, aerospace, defense, and civil engineering, all with a strong environmental sustainability component.
About Airtificial
Airtificial offers global and innovative design and manufacturing solutions for the automotive, civil and defence aerospace, infrastructure, and other industrial sectors, integrating advanced technologies such as robotics and artificial intelligence, which, combined with human interaction, contribute to more sustainable development. Listed on the Continuous Market, it has an operational presence in 13 countries across major markets in Europe, America, and Asia, contributing to the digital transformation and the automation and optimization of its clients’ industrial processes through sustainable and competitive growth.
Press contact:
Fernando García y Guiomar Pérez
Teléfono: +34 91 576 52 50 / +34 696 249 078
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