News
OLI MADE 75 MILLION EUROS IN 2024
OLI, the largest cistern manufacturer in Southern Europe, closed the 2024 financial year with a turnover of 75.2 million euros, representing an overall increase of 3% compared to the same period last year. For this year, the company has set itself the goal of achieving a turnover of 82 million euros, which will mean growth of 9 per cent.
In 2024, OLI's exports accounted for 74% of total sales, with products produced at the Aveiro industrial complex being sent to more than 80 countries on five continents.
Growth in 2024 was driven by North Africa (+10%), the Middle East (+14%), North and South America (+14%) and Southern Europe (+5%), offsetting the decrease in sales in central and northern Europe (-7 and -19% respectively), with Germany showing the biggest decrease (-10%).
In Portugal, OLI grew by 8%, with the domestic market accounting for 26 per cent of total sales in 2024.
‘The year 2024 meant lower global growth for OLI than initially planned, influenced by the continued contraction of the German economy, the largest in the Eurozone and one of OLI's main export markets, and the war in Ukraine. To mitigate these negative effects on sales, the company has continued to focus on North Africa, which is boosting the company's exports, and France, where it acquired the Regiplast company with the aim of increasing its influence in this market and consolidating the Portugal - Southern Europe axis, where it has subsidiaries in Spain, Italy and now France,’ says António Ricardo Oliveira, OLI's Director.
‘This year, OLI plans to complete significant investments to increase the Organisation's efficiency with the installation of an intelligent warehouse and the automation of some production lines, in an overall investment of 7.7 million euros, as part of the Recovery and Resilience Plan. In terms of innovation, the company will present new products and solutions with greater incorporation of technology and added value with benefits in terms of sustainability and people's health and well-being,’ adds the Director.
January 2025