Sany reported $10.9 billion in sales for 2024, up 6.2% over 2023. The China-based manufacturer reported gross margin of 27%.
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Nearly two-thirds (64%) of sales were international in 2024, setting a new high of $6.8 billion, an increase of 12.2% compared with $6.06 billion for 2023. International gross margin was 29.7%. The growth of international markets was primarily driven by the Asia and Australia regions, whose reported revenue was $2.9 billion, up 15.5%. The African market grew 44% to $750 million. The Europe and America regions showed stable growth of 1.9% ($1.7 billion) and 6.6% ($1.4 billion), respectively.
Earthmoving, concrete, and hoisting equipment contributed 76% of the full-year revenue: $4.3 billion, $2.0 billion, and $1.8 billion, respectively. Road equipment posted 20.8% growth compared to 2023.
