Group sales amounted to 558 million euros in Q1 2024, down 19.3% on sales recorded a year earlier, and gross margin represented 20.3% of sales versus 25% in Q1 2023.

Current EBITDA stood at 19.3 million euros, representing 3.5% of sales versus 11.1% in Q1 2023 (versus 77 ME in Q1 2023). Group net income came to 2.7 million euros (vs. 44 ME in Q1 2023).

The Group has generated 87 million euros in operating cash flow and strengthened its financial structure, with shareholders' equity of 682 million euros and a gearing ratio of 25% at the end of March 2024 (31% at the end of 2023).

Copyright (c) 2024 CercleFinance.com. All rights reserved.