Multi-technology solutions business Celestia has announced a year of exceptional growth and success, achieving a series of major milestones driven by innovative products and a commitment to excellence that leave the pan-European group well placed for future growth and re-investment.
Celestia delivered a robust revenue growth of 7.5% year-on-year in its financial year ending 31 December 2024, driven by strong demand for its technology products, systems and services in its key markets and a diversified product portfolio.
The group significantly improved its margins, with EBITDA rising 40% year-on-year, reflecting operational efficiencies and strategic investments. It also delivered solid cash flow generation as a result of successful product launches and major contract wins.
Celestia’s unstinting focus on engineering excellence coupled with investment in R&D saw the introduction of a number of advanced technology solutions in the period, including Celestia TTI’s unique GaN based SSPAs in DBS band, which provide outstanding solutions to broadcast satcom.
Group company Celestia UK achieved a world-first innovation in 2024 with its compact electronic multibeam gateways and Ka band phased array antennas, setting a new standard for multi-orbit constellations and satcoms. Celestia Callisto and Celestia TTI meanwhile developed high performance antenna transmitter and receiver equipment tailored to meet the requirements of operators establishing purpose-built ground station networks for lunar communications.
The group also increased its market presence, following investment in a new visual identity and website designed to raise awareness of Celestia’s broad technological reach and track record in ground segment activities.
“We are incredibly proud of the progress we made in 2024 and the strong footing this has put us on to capitalise on the opportunities ahead,” says Celestia CEO Steve Jones. “Our continued success is a testament to the hard work of our very capable team and our unwavering commitment to delivering leading edge solutions.
“We enter this next phase of growth with confidence, backed by a solid pipeline of our products and services in the high value ground segment technologies market. We remain committed to maintaining a strong financial position and have a clear path to improve our profitability further. We look forward to another stand-out year,” he says.