Oli Records USD 79 Million Turnover in 2024, Targets USD 86.1 Million for 2025
Portugal: Portuguese manufacturer Oli achieved a turnover of EUR 75.2 million (USD 79 million) in 2024, reflecting a +3% growth compared to 2023, though falling short of its EUR 80 million (USD 84 million) target. While Oli saw strong growth in its domestic market (+8%), it faced declines in Central and Northern Europe (-7% and -19%, respectively) and in Germany (-10%), a key export market. To counterbalance these declines, the company expanded its focus on North Africa (+10%), the Middle East (+14%), and North and South America (+14%). Southern Europe grew by +5%, while France remained stable.
Looking ahead to 2025, Oli aims to reach a turnover of EUR 82 million (USD 86.1 million) (+9%) and has planned EUR 7.7 million (USD 8.1 million) in investments, including the installation of a smart warehouse and automation of production lines. In France, where the entire Oli catalog will soon be available, the company has announced several product innovations, such as an expanded range of support frames, a tank made from recycled materials, a contactless mechanism, and the Halo control plate, which was showcased at Idéobain 2024.
Source: Sdb Pro