Sogeclair's 2024 Turnover: A Year of Growth and Diversification

In 2024, Sogeclair, a supplier of innovative solutions with high added value for a safer and less-consuming mobility, observed a 6.1% increase in its consolidated turnover to €157M. This marked the 15th consecutive quarter of growth, with a 2.5% increase in the fourth quarter despite an unfavorable base effect. The company's growth was driven by the business aviation markets, which grew by 17.1%, the defense sector with a strong growth of 24.0%, and the space sector up by 10.0%. Commercial aviation remained stable at +1.8%, while the automotive sector held steady at -0.5%. However, the rail sector fell by -32.1%.

Sogeclair's geographical diversification contributed significantly to its consistent growth, particularly in the Americas. The company's revenue by location of subsidiaries in 2024 showed that the Americas accounted for 26% of turnover, with a 22.3% increase compared to the previous year. This growth was driven by the business aviation markets and the defense sector. The company's revenue in the Americas increased by 25.8% in the first half of 2024 compared to the same period in 2023, with the business aviation sector holding up well despite supply chain issues in the commercial aviation sector.



Looking ahead, Sogeclair is confident in its prospects for continued expansion in the Americas. The company's new management team, led by Alexandre Robardey, Chairman of the Board, and Philippe Brel, Chief Executive Officer, is committed to pursuing profitable growth in 2025 and beyond. Sogeclair's positioning in key markets, such as defense, business, and commercial aviation, as well as its diversification of offerings, including Engineering, Simulation, and Equipment, will enable it to achieve the targets set out in the Sogeclair 2030 Plan.

To maintain its momentum in the defense sector and mitigate potential risks associated with market fluctuations, Sogeclair can implement strategic initiatives such as diversifying its customer base, investing in research and development, strengthening its supply chain, expanding its geographical footprint, enhancing its risk management strategies, and investing in workforce development. By implementing these initiatives, Sogeclair can maintain its growth in the defense sector and mitigate potential risks associated with market fluctuations.

In conclusion, Sogeclair's 2024 turnover reflects a year of growth and diversification, driven by its strong performance in the business aviation and defense sectors, as well as its geographical expansion, particularly in the Americas. With a confident outlook for 2025 and beyond, Sogeclair is well-positioned to achieve its targets set out in the Sogeclair 2030 Plan.