Accelleron, a global leader in turbocharging, fuel injection, and digital solutions for the marine and energy industries, surpassed $1 billion in revenue in 2024, marking a successful year.

The company has a branch in Malta, operating out of the Kordin Industrial Estate overlooking the Grand Harbour.

Despite a slowdown in the gas compression market, demand for marine products and emergency power solutions for data centers contributed to strong growth. Revenues reached $1,022.5 million, up 11.8 per cent year-on-year, while net income grew by 63 per cent, amounting to $179.4 million.

Operational EBITA rose 17.4 per cent to $261.9 million, with the margin increasing to 25.6 per cent, driven by strong growth and operational efficiency. Accelleron also reduced non-operational costs, contributing to a significant boost in profitability.

Free cash flow generation totaled $177.7 million, demonstrating robust financial performance, and the company maintained a low net leverage ratio of 0.7.

In the Medium & Low Speed segment, revenues increased by 16.3 per cent to $773.5 million, supported by strong demand in shipping and fuel-saving retrofits.

The acquisition of OMC2 and True North Marine in 2024 enhanced Accelleron’s fuel injection and digital capabilities.

The High-Speed segment saw a slight revenue decline but benefitted from strong demand in turbocharged emergency power generation.

Accelleron will propose a 47 per cent increase in its dividend, reflecting the company’s strong results and healthy balance sheet. The company remains optimistic about 2025, forecasting revenue growth of 4-6 per cent and an EBITA margin of 25-26 per cent.

With continued market momentum in the marine and energy industries, Accelleron aims to expand its presence in new-fuel applications, turbocharger services, and digital offerings, positioning itself for further growth despite geopolitical uncertainties.

The 2024 Annual Report and additional information are available on the Accelleron website here and here.