Germany’s Syntegon scores record results after delivering key sector technology

After a key period of enhancing its machinery and systems, Syntegon has delivered record results, with revenues rising 7% to €1.6 billion and an 11% order intake upturn to 1.8bn in its latest annual results, reports Neill Barston.

The German-headquartered company, which has forged a number of equipment lines for segments including the confectionery, snacks and bakery market, has placed sustainability, technical excellence and build quality as among its core design strategies for the business.

Its newly released figures for 2024 revealed that the business remained in a buoyant position, despite ongoing market uncertainties around the world, as supply chains, logistics operations and wider economies have come under renewed pressure in recent periods.

For its part, Syntegon has continued to spread its operations across, food, biotech and food industries, with notable systems being forged within wider packaging and processing, including within vertical form fill and seal categories, as well as wider packaging lines that have historically been a strong point for the business.

As the company observed, its attainment levels have been driven by newly introduced corporate strategy focused on growth, operational excellence and long-term value creation, Syntegon achieved accelerated growth, strong profitability, and improved cash flow. Strategic initiatives launched in 2024 included targeted investments in portfolio expansion and innovation.

In terms of its outlook, the company’s strong order book has seen its sales volumes increase, leading to a projection of further expansion for the business in the remainder of this year, despite global market disruption that has seen a challenging commercial environment across business sectors.

“In 2024, we embarked on a new chapter of accelerated growth and value creation,” says Torsten Türling, CEO of Syntegon. “We are building on the incredible talent of the people at Syntegon, and our customers highly value our lifecycle services and turnkey solution approach. With our new stinrategic focus, we are well positioned to capture the strong long-term growth fundamentals, in particular of the Pharma and Biotech sectors.”

According to the business, its Pharma division was the strongest contributor to growth, with order intake up by 17% and revenue up by 11%. Pharma accounted for 58% of total orders in 2024. The Food business grew orders by 4% and revenues by 2%, representing 42% of total orders. The high-margin service business recorded double-digit sales growth and accounted for 39% of total revenue.

Eros Carletti, CFO of Syntegon said: “At both the Group level and across most business units, we exceeded our financial targets. Our solid financial performance

strong cash flow, and robust balance sheet position us well to pursue further organic growth and strategic acquisitions, enabling us to continue expanding our capabilities.”

Growth plans

Following the CEO transition in November 2023, Syntegon launched a growth-focused strategy in 2024 and further strengthened its leadership team. The strategy is designed to capture attractive opportunities in the pharmaceutical and biotech sectors while leveraging Syntegon’s strong position in the food solutions business. A simplified operating model built around four business units, enhanced decision-making and accelerated operational execution.

Significantly, in October 2024, the company completed its acquisition of the Telstar Group, a leading manufacturer of freeze-drying technologies in the pharmaceutical and biotech sectors.

Moreover, the company achieved record results in its Food business in 2024, driven by its Switzerland-based high-performance horizontal packaging division, which delivers end-to-end automated solutions to leading global food companies. To sharpen its focus on global scalable line solutions and related services, Syntegon divested its lower-margin Food Liquid business mid-2024. Additionally, as the firm asserted, it optimised its US footprint by consolidating manufacturing at its flagship plant in New Richmond, Wisconsin.

Sustainability is high on the company’s and its customers’ agenda. In 2024, the Science Based Targets initiative (SBTi) validated Syntegon’s carbon emission reduction goals aiming at reducing Scope 1 and 2 emissions by 50% and Scope 3 emissions by 25% until 2030. Furthermore, in April 2025, Ecovadis awarded Syntegon with a Platinum rating, positioning it among the top 1% of businesses globally.