Growth for Stahl, despite ‘volatile market conditions’
Chemicals group Stahl achieved full-year 2024 revenues of €930.2 million, parent group, Wendel, has reported. This figure represents growth of 1.8% compared to 2023.
Wendel welcomed Stahl’s revenue growth, which it said had come “in the context of volatile market conditions for automotive and luxury”.
It said a pro-forma revenue figure for Stahl, discounting sales of chemicals for the wet end of leather manufacturing, would have been €759 million.
Stahl announced in mid-November that it intends to sell the wet-end division of its leather chemicals business to Brussels-based private equity firm Syntagma Capital. On announcing the 2024 results, Wendel said this deal should conclude in the course of the first half of 2025.
Leather finishing remains integral to the Stahl business, the group has said, while the wet-end part of the business will continue to operate independently.
