Trilogiq's share price jumped over 12% on the Paris Bourse on Monday, despite the publication of half-year results that were in line with expectations, with sales stable year-on-year.

The manufacturer of logistics products for production, maintenance and handling activities reported consolidated sales of 10.5 million euros for the six months to the end of September, unchanged on the same period a year earlier.

The group explained that its good sales performance in France, the UK and Turkey was offset by the downturn in business in the Americas.

In a global context of high inflation, the Group managed to maintain a gross margin rate of over 60% by anticipating purchases and increasing sales prices.

At September 30, 2022, gross operating profit (Ebitda) stood at 209,000 euros, compared with 879,000 euros at September 30, 2021.

Looking ahead to 2023, Trilogiq explains that it intends to continue to reduce structural costs and optimize operating costs.

In a reaction note, Euroland's analysts refer to performance in line with expectations at the end of what they consider to be "a half-year of consolidation".

After updating their valuation model, they maintain their Buy recommendation with a price target of 7.5 euros.

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