The Israeli textile group Delta Galil Industries Ltd. has set up a new sales record in the 2024 financial year and also increased its profit sharply. For the current year, the parent company of the German Wäschemarke Schiesser predicted further growth on Tuesday.
In 2024, the group turnover reached a height of almost $ 2.05 billion (1.97 billion euros), which corresponded to an increase of ten percent compared to the previous year. The online business with an increase of 21 percent developed above average.
In the final quarter, the group of companies was able to increase its growth pace again: the proceeds increased by 18 percent to $ 599.2 million. According to the group, this ensured “growth in all segments, sales channels and market regions”.
In 2025, sales and results should continue to increase
Since the gross margin increased to 41.9 percent in the past year and thus also achieved a new record level, the operating result, which was adjusted for special effects, grew by $ 184.1 million. The proven net profit rose by eleven percent to $ 94.6 million (91.2 million euros), of which $ 86.4 million accounted for the shareholders: inside of the group (+9 percent).
After the company was able to exceed its forecasts for sales and the operational result in the last financial year, it set itself for 2025 higher goals. Sales growth is forecast by four to six percent to $ 2.118 to $ 2.165 billion. The net profit, which was adjusted for special effects, which was $ 108.5 million last year, is to be increased by four to nine percent to $ 112 to $ 118 million.