Forsee Power has announced that it met its 2024 EBITDA break-even target, with a goal of achieving a 15% positive EBITDA by 2028. Despite facing an 11% drop in annual turnover to €151.8 million due to decreases in sales, the company has diversified its customer base, including new clients beyond its historic partner Iveco. Forsee Power aims to return to growth by focusing on strategic markets in Europe, Asia, and the United States, bolstered by a new production site in Columbus, Ohio, opened in September 2024. The company anticipates a revival in the 2025 fiscal year, particularly in high-margin heavy vehicle segments.
Forsee Power has reached its target of EBITDA break-even in 2024, projecting a positive EBITDA growth of 15% by 2028.
Despite an 11% downturn in sales to €151.8 million in 2024, Forsee Power's emphasis on diversifying its customer base helped offset losses.
The company plans to revitalize growth by focusing on key markets across Europe, Asia, and the US, leveraging capacities at its Columbus site.
Christophe Gurtner acknowledged a market slowdown in 2024 but affirmed that diversification of the customer portfolio remains a strategic priority.
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