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Prodrive Technologies Group B.V. (hereafter: ‘Prodrive’) reported revenues of €552 million (vs. €506 million in 2023) and a net income of €40 million (vs. a net loss of €6 million in 2023).
Marc Uleman, CEO: “In 2024, we have been focusing strongly on improving efficiencies and operational performance after battling with supply chain turmoil and digesting a rapid growth phase. Our customers are recognizing the hard work we did on improving our performance.”
Karel van Gerven, CFO: “After running significant investment programs in technology, footprint and international expansion over recent years, we are very pleased to see these materialize into growth and profit in 2024. Our improved efficiency and profitability give us confidence that we can adequately navigate through our industry’s more challenging environment in 2025.”
Prodrive expects slower global demand in semiconductor and industrial segments during 2025 because of increased market uncertainty. At the same time, the company confidently extends its investments in technology and further mid-term growth in the fields of AI, semiconductors, energy transition and advanced healthcare.
About Prodrive Technologies
Founded in 1993, Netherlands-based Prodrive designs and manufactures high-tech electronics, software and mechatronic products and systems. Prodrive Technologies operates five dedicated Business Lines and three highly automated manufacturing sites. The company owns subsidiaries in The Netherlands, the U.S., China, and Japan.