Transitioning for Growth and Market Expansion

LED iBond International has released its annual report for 2024, highlighting significant progress in its transformation toward a more scalable and profitable business model. Approved by the Board of Directors, the report outlines a revenue surge of 179% from the previous year, reaching DKK 7.2 million. CEO Flemming Thomsen acknowledged the company’s achievements amidst market challenges, including cost optimizations and strategic decisions such as outsourcing production to enhance efficiency. Looking ahead, LED iBond projects revenue of DKK 17-19 million for 2025, with expectations of improved EBITDA and positive operational cash flow. The report emphasizes an optimistic outlook for market expansion, particularly in the sustainable lighting sector across Europe and the Middle East.

Transitioning for Growth and Market Expansion

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