FRIWO, an international provider of power supplies and charging technology, announced that it achieved its 2025 financial targets based on preliminary unaudited figures. The company reported group revenue of 77.4 million euros, within the target range of 75 to 85 million euros, though down from 93.0 million euros in 2024 due to IFRS 15 revenue recognition adjustments and negative currency effects. The Industrial Applications and Medical & Healthcare segments performed well, contributing to an improved gross profit from reduced manufacturing costs, efficiency gains, and a better product mix.
Adjusted comparable EBIT exceeded the company's forecast, turning positive after previous years' losses. One-off effects from the disposal of minority interests in a joint venture in India and the sale of the DIN rail business boosted the consolidated result to a positive figure in the low double-digit million euro range. The financial restructuring, completed after the portfolio reorganization, significantly strengthened the balance sheet, with the equity ratio rising to over 30% from 5.3% in 2024.
CEO Dominik Woeffen stated, '2025 was a year of transformation for FRIWO and a successful financial year, both strategically and economically. It was marked by a comprehensive and successfully completed portfolio restructuring, which has significantly streamlined our structures and made us more competitive. This already led to a turnaround into profitability in terms of EBIT in 2025.' Board member Ina Klassen added, 'We are proud that we have financially restructured our company and are once again reporting a rock-solid balance sheet with an equity ratio of over 30%. On this basis, we will develop FRIWO into a sustainably profitable and growing technology group.'
Employment declined to 866 by year-end from 1,206 at the end of 2024, with about 90% of staff located in Vietnam. FRIWO plans to publish its audited annual financial statements, annual report, and 2026 forecast on April 23, 2026. The management board will present details during a conference call. Further information is available on the investor relations pages at www.friwo.com/en/about/investor-relations.
