March 28, 2025
2024 Annual Results
The Board of Directors of OneTech Group, chaired by Mr. Moncef SELLAMI and held on March 28, 2025, approved the financial statements as of December 31, 2024, highlighting the following key indicators:
- 2024 revenue exceeding TND 1 billion, broadly in line with initial forecasts
- Improvement in operating margins despite a highly competitive environment
- Continued investment efforts aimed at improving quality, productivity, and sustainable development
- Confirmed debt reduction
- Maintenance of a dividend of 250 millimes per share for the 2024 financial year
| Consolidated Figures (in TND million) | 2024 | 2023 | Change |
| Revenue | 1 048 | 1 105 | -5% |
| Gross Margin | 273,2 | 266,2 | +2,6% |
| As a percentage of revenue | 26,1% | 24,1% | |
| EBITDA | 101,4 | 99,9 | +1,5% |
| As a percentage of revenue | 9,7% | 9 ,04% | |
| Operating Income | 60,3 | 63,4 | -4,9% |
| As a percentage of revenue | 5,75% | 5,74% | |
| Consolidated Net Income | 30,9 | 42,4 | -27% |
Revenue Growth (2020–2024, in TND billions)
Improvement in Operating Margins Despite a Highly Competitive Environment and Market Slowdown
Despite a slight decline in revenue in 2024, the Group’s gross margin improved by 3%, reaching 26.1% of revenue compared with 24.1% in 2023. This improvement is part of OneTech Group’s Transformation 2028 project, aimed at optimizing operating margins through a more efficient product mix, a proactive price protection policy, and reduced variable costs, including energy, transportation, and packaging.
Consolidated EBITDA remained above TND 100 million, recording a slight increase compared with 2023 and remaining broadly in line with the budget, with a variance of only 4%. Furthermore, the EBITDA margin improved to 9.7%, despite increased competition from Asian players, particularly in the mechatronics sector.
Consolidated operating income remained almost stable compared with the previous year, while the operating margin slightly improved in 2024 to reach 5.8%.
Consolidated net income was negatively impacted by foreign exchange losses resulting from the appreciation of the Tunisian dinar against the euro, as well as by the corporate income tax rate.
Continued Investments Supporting Quality Improvement, Productivity, and Sustainable Development
OneTech Group further strengthened its investment efforts, particularly within the mechatronics division, with a total investment of TND 28 million during 2024, representing an increase of 12% compared with the 2023 level.
Investment Cash Flows (in TND million)
Confirmed Debt Reduction and Withdrawal from Non-Strategic Activities
The Group’s total debt significantly decreased at the end of 2024, declining by 19% to reach TND 123.0 million, despite the significant investments made during the period.
Evolution of OneTech Group Debt (in TND million)
Maintenance of the Dividend at 250 Millimes per Share
During its meeting held on March 28, the Board of Directors proposed the distribution of a dividend of 250 millimes per share and convened the Annual General Meeting to be held on May 23, 2025, at 10:00 a.m. The venue will be communicated at a later date.
Financial Calendar
| Publication | Date |
| Q1 2025 Quarterly Indicators | April 21, 2025 |
| 2025 Annual General Meeting | May 23, 2025 |