Management review INTRODUCTION PERFORMANCE AND OUTLOOK CORPORATE GOVERNANCE 2024 Performance and results Boosting our R&D activities New factory enables growth Partnerships 2025 outlook SUSTA 2024: Solid turnover growth and significant investments 2024 was the fourth consecutive year of solid growth for DEIF. Driven by a strong product portfolio, an expanded global presence and an increasing demand for intelligent energy management solutions, the turnover grew by 7% in 2024, reaching DKK 766 million (2023: DKK 715 million). We consider the growth in turnover satisfactory. After a first half of 2024 characterised by customer destocking and a flat market development, the sales picked up and we saw increasing activity across the business in the second half of 2024. To accelerate the execution of our strategy and t significant investments were made in R&D and in expansion of our global presence. Therefore, fixe from DKK 337 million in 2023 to DKK 390 million of full-time employees increased to 565 (2023: 5 to have a significant positive impact in the coming foundation for continued profitable growth. Revenue (DKKm) EBITDA (DKKm) 531.9 551.1 672.9 80.0 2020 89.3 2021 118.3 20
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