Full-Year 2024 Financial Results: Strong Performance Above Half-Year Results
Fraikin Group is pleased to report a 27% increase in adjusted corporate EBITDA for the FY 2024 compared to the prior year, marking an improvement for the second consecutive year and securing the continuity of the successful turnaround initiated in mid-2022.
This strong performance, with adjusted corporate EBITDA reaching 6.2% of revenue and a Free Cash Flow (FCF) conversion rate close to 80%, demonstrates the effectiveness of FOCUS24, the strategy that has guided the company over the past two years, driving operational excellence and financial discipline. Driven by a stronger performance in the flagship historical market, France, the year closed with a solid end-year cash position, reinforcing Fraikin’s financial resilience and capacity for future investments.
As 2025 begins, Fraikin has launched DRIVE28, the next phase of its strategic roadmap, designed to secure robust cash generation and enhance asset returns. With this multi-year strategy, Fraikin aims to reach a Free Cash Flow (FCF) conversion rate of 90% and an adjusted corporate EBITDA in a range of 10%. DRIVE28 will further reinforce Fraikin’s position as the leading European platform for full-service operating leasing of commercial vehicles by expanding sustainable mobility solutions to support fleet decarbonization, advancing customer experience through the neXa digital platform, and strengthening the European network to enhance operational efficiency and service excellence.
Fraikin remains fully committed to shaping the future of fleet performance, delivering long-term value to customers and stakeholders, and driving sustainable and profitable growth.
