One Tech Holding Closes 2024 with Revenue Exceeding 1 Billion Dinars
One Tech Holding (OTH) has closed the 2024 fiscal year with a revenue exceeding 1 billion dinars, in line with its initial forecasts. However, its consolidated net income decreased by 27% to 30.9 million dinars, mainly due to exchange losses resulting from the appreciation of the dinar against the euro and profit taxation.
Gross Margin on the Rise
Despite a 5% decline in revenue, which stood at 1,048 million dinars compared to 1,105 million in 2023, the group's gross margin increased by 2.6% to 273.2 million dinars. It now represents 26.1% of revenue, up from 24.1% in 2023. This improvement is part of the 2028 transformation project, which aims to optimize margins through product mix rationalization and reduction of variable costs, particularly those related to energy, transportation, and packaging.
Consolidated EBITDA Remains Above 100 Million Dinars
The consolidated EBITDA maintained its level above 100 million dinars, with a slight increase of 1.5% to 101.4 million dinars. The EBITDA margin thus improved, rising from 9.04% in 2023 to 9.7% in 2024, despite increased Asian competition, particularly in the mechatronics sector.
Reinforced Investment Policy and Confirmed Debt Reduction
The group continued its investment efforts in favor of quality, productivity, and sustainable development. The mechatronics pole particularly benefited from this dynamic, with an investment envelope of 28 million dinars in 2024, representing a 12% increase compared to the previous year.
In parallel, OTH pursued its debt reduction. The group's global debt decreased by 19%, from 152.66 million dinars in 2023 to 123 million dinars in 2024, despite significant investments made during the period.
Dividend Maintained at 250 Millimes per Share
The board of directors of OTH, meeting on March 28, 2025, approved the 2024 financial statements and decided to propose a dividend of 250 millimes per share. The group's ordinary general assembly will be held on May 23, 2025, at 10 am, with the location to be specified later.
With these results, One Tech Holding continues its development while maintaining rigorous management of its margins and debt, while reinforcing its investments to ensure future growth.
