Half-Year 2024 Financial Results: Return to Strong Performance
Fraikin Group is pleased to report a 113% increase in adjusted corporate EBITDA for HY1 2024 compared to the prior year, marking a significant milestone in the successful turnaround initiated in mid-2022.
This robust performance, with adjusted corporate EBITDA reaching 8% of revenue and a Free Cash Flow (FCF) conversion rate of 60%, demonstrates the effectiveness of our FOCUS24 strategy, which is centred on operational excellence. Full-year 2024 estimates affirm alignment with the budget targets.
Our strategic focus on fleet decarbonisation, digital transformation through the NeXa platform, and enhancement of customer experience is poised to further reinforce Fraikin’s position as the leading European platform for full-service operating leasing of commercial vehicles, underpinning the Group’s trajectory towards sustained growth and long-term profitability.
