Economic Performance - KUO - Annual Report 2024

Economic Performance

GRI 3-3, 201-1

In 2024, KUO demonstrated remarkable resilience and adaptability in a challenging global environment.

In the Consumer sector, the Pork Meat Business achieved its best performance, and the Herdez del Fuerte Business made a positive contribution to the financial results.

In 2024, KUO demonstrated remarkable resilience and adaptability in a challenging global environment. Through its focus and the implementation of an effective strategy, the company not only managed to maintain its financial stability but also capitalized on its strengths to drive growth and consolidate its position in key markets. Despite political and economic uncertainty in various regions and inflationary pressures in critical sectors, KUO managed to adapt and translate its actions into tangible results. This year saw significant progress in various sectors, laying the foundations for sustainable and competitive long-term development.

During this year, the Consumer sector stood out considerably, especially the Pork Meat Business, which achieved its best historical performance. This success is attributed to a solid strategy focused on operational efficiencies, a decrease in raw material prices, high sustainability standards and an integrated value chain.

In addition, the Herdez del Fuerte business made a significant contribution to the results, with outstanding performance in the tomato puree, sauces and guacamole categories, despite pressures in the US market due to increased raw material costs.

Regarding the Industrial sector, in Synthetic Rubber, we are moving towards the completion of a new production facility in Spain, which will strengthen our global competitiveness.

At Polymers, circularity and sustainability initiatives were promoted, together with a reduction in operating costs. However, the Transmissions business faced significant challenges due to lower volumes in some OEM and aftermarket applications, which impacted its performance.

Finally, as part of the optimization of its business portfolio, KUO completed the divestment of the Aftermarket business at the beginning of 2025. This strategic decision will allow the company to focus on areas of higher growth and profitability, strengthening its competitive position in the market.