Orona Realizes Significant Growth Amid Challenges

Hernani, Spain-headquartered Orona, Europe’s fifth-largest vertical-transportation (VT) provider now covering 13 countries, announced on April 11 it realized significant growth in earnings in a challenging 2024 environment. EBITDA (earnings before interest, taxes and depreciation and amortization) reached EUR168 million (US$190.1 million), surpassing previous years. To maintain its prominent position in the VT sector, Orona continues to invest in new technologies and R&D, allocating EUR18 million (US$20.3 million) in 2024 toward those efforts. “Faced with an increasingly volatile and complex global context, the cooperative remains steadfast in its commitment to continuing to shape a robust and competitive business partnership in Europe” to address future challenges, Orona stated. Key to its continued success is the company’s (and its employees) commitment to competitiveness, innovation, sustainability and digital transformation.