Arbonia half-year results for 2024

Arbon, 27 August 2024 – In the first half of 2024, the new Arbonia with its focus on doors managed to hold its own in markets that continue to be very challenging. There were further sharp declines in new residential construction projects, while renovation activities continue to be restrained. This trend is particularly noticeable in Germany, the largest European market and Arbonia's most important market, where the Doors Division achieves around 60% of its revenue. The industry has been seriously hampered by increased interest rates and high construction costs, which are having a significant impact on the profitability of construction projects. As a result, building permits in Germany and other important European markets have continued to decline significantly. However, the doors business has compensated for the falling volumes by implementing growth initiatives, price increases, and operational improvements. This has enabled it to maintain the level of revenue achieved in the first half of 2023, while also   increasing the EBITDA margin substantially by 170 basis points from 8.0% to 9.7%.