Avril / Sofiproteol : Avril continues to implement its strategic plan

In the first year of its new strategic plan, Ambition 2030, Avril met its financial and non-financial targets. The 2024 results were solid despite pressure on consumption in France and high commodity price volatility. This demonstrates the resilience of the group's model, thanks to its balanced and complementary business portfolio.
Avril has not set any specific targets for 2025, as it remains cautious about short-term uncertainties, even though it has very little exposure to imports/exports between Europe and the US. The group remains confident in its ability to achieve the performance targets set out in its Ambition 2030 plan, and in particular to achieve EBITDA of € 550m within five years (vs. € 370m in 2024). In the short term, to secure its performance and accelerate its decarbonisation, Avril has launched an additional € 50m savings programme that will be implemented until 2027.
In terms of investments, the industrial capex budget (maintenance, IT, development) should remain stable compared with last year, while the group remains open to new external growth opportunities to consolidate its positions.
Nevertheless, we understand that management intends to maintain a solid financial position and, in particular, will maintain a comfortable margin between its debt leverage (1.3x adjusted according to bank covenants at end-2024) and its 3.5x ceiling.