Estra Full-Year 2024 Net Income Doubles Year-on-Year
Medellin-based plastic-container manufacturer-marketer Industrías Estra announced March 27 that its full-year 2024 net income jumped 104.6% year-on-year, to COP$1.3 billion (US$309,000), versus COP$640 million (US$152,000) in 2023.
Corporate-wide revenues also rose 3.3% year-on-year, to COP$93 billion (US$22 million), while earnings before interest, taxes, depreciation and amortization (EBITDA) rose 13.9%, to COP$$15.9 billion (US$37.8 million), according to the company.
“In 2024, the company reaffirmed its focus on the ‘Industrial’ and ‘Environmental’ [plastic container] categories, which have represented 72% of sales in the last four years,” according to Estra.
“Both segments registered sustained growth, with increases of 4.4% and 6.5% as measured in pesos, and 3.7% and 13.9% in volume, respectively, reflecting their stability and expansion potential.
“Improvements in operating efficiency also translated into a 104.6% growth in net income,” with a net margin at 1.4%, the company added.
“Looking ahead to 2025, the Colombian economy is projected to experience moderate growth — estimated between 2% and 2.6% — driven by the reactivation of investment in strategic sectors such as infrastructure and machinery.
“However, fiscal challenges persist that could affect the country’s financial stability and investment capacity,” Estra cautioned.
