Austria Email AG: Default decline despite the market share gains!

Austria Email AG: Default decline despite the market share gains!

Austria Email AG presented the results of the 2024 financial year at its general meeting today. Despite a massive decline in sales in export, the company showed stable sales conditions in Austria. The annual turnover was 91.7 million euros, which corresponds to a decline of 28.7 % compared to 2023. The decline in the heating market is particularly due to a drastic deterioration in the market in Germany, where the heating market has broken down by 50 %. This caused by a number of factors, including uncertainty in the new building and falling renovation dynamics.

The operating result of Austria Email AG was 4 million euros in 2024. The sales of the entire Austria email group, including subsidiaries, was 140.6 million euros, which also represents a decline compared to 197.2 million euros in 2023. Despite these challenges, the company was able to expand market shares in strategically important product groups and increase the proportion of "green products" in total sales.

challenges and opportunities in the heating market

The heating market in Austria was characterized by major challenges in 2024. According to [shk-aktuell.at] (https://shk-aktuell.at/artikel/der-heizungsmarkt-hat-zuwieder-wieder-wieder-wieder-wieder-wieder-wieder-wieder-wieder- The reasons for this include the decline in the new building, a weak renovation dynamics as well as general uncertainty and lack of planning security. Nevertheless, there were positive signs: in the third quarter of 2024 the market attracted and the number of funding applications increased.

The increasing co-taxes and high subsidies could boost the demand for new heating systems in 2025. Consumers are increasingly aware of the inefficiency of some devices and their operating costs, which raises awareness of environmentally friendly solutions. In the context of the challenges, the criticism of the government is also louder, in particular with regard to the reform interior and the inadequate measures for the energy transition.

Future view and innovations

for 2025, Austria EMAIL AG plans to introduce new products, including smart electrical storage and heat pumps with an environmentally friendly refrigerant. The development of a new app for heating heat pumps to improve digital networking is also one of the company's innovation goals. Board of Directors Martin Hagleitner emphasizes the need for structural reforms and incentives to promote investments in sustainable heating solutions and to restore the competitiveness of the Austria location.

The equity ratio of Austria Email AG is 53.5 %, while the sales return is 5.2 %. In view of the increasing wage and energy costs, targeted political measures are required to secure jobs and increase competitiveness. The company has also launched a new leasing model for heat pumps, which enables consumers a monthly rate of 320 euros over ten years.

In view of the current market developments, there is hope for a recovery. The relaxation in the real estate and construction sector, as well as falling interest and increased savings could give positive impulses for the heating market. However, challenges remain, especially with regard to international competition. According to statista.com, Germany has to change towards more climate neutrality, for which a comprehensive heat transition is essential.

Overall, Austria Email AG shows that despite a difficult financial year for 2024, it has the necessary resilience and innovative strength to assert itself in a rapidly changing market environment.