Phoenix Mecano AG reported a challenging QQ4 2024, marked by a pronounced year-over-year revenue decline, yet demonstrated margin resilience and strong cash generation. For Q4 2024, revenue came in at EUR 194.7 million, down 48.4% year over year, while the gross profit reached EUR 99.0 million, yielding a robust gross margin of 50.9%. Operating income was EUR 12.6 million (margin about 6.5%), and net income was EUR 8.68 million (net margin roughly 4.5%). EBITDA stood at EUR 22.54 million, supporting an EBITDA margin of 11.6%. The quarter’s performance contributed to a full-year 2024 revenue of approximately EUR 772.1 million, with a net income of EUR 8.68 million in Q4 and a full-year perspective that remains encumbered by a softer demand environment compared with the prior year. The company ended QQ4 2024 with a strong liquidity position, a modest net debt footprint (net debt around EUR 8.9 million), and substantial free cash flow generation (EUR 13.42 million for the year-to-date), underpinning financial flexibility to fund capex, R&D, and potential selective strategic initiatives. Management commentary (where available) underscores near-term caution around end-market demand while highlighting the company’s ability to sustain profitability through cost discipline and a favorable product mix. Investors should monitor order intake, end-market cyclicality in the Industrials sector, and the trajectory of working capital as signals for a potential rebound in 2025.