SergeFerrari Group
2023 Full-Year Results
Regulatory News:
SergeFerrari Group (FR0011950682 – SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its consolidated full-year results for the year ended December 31st, 2023, as approved by the Supervisory Board on March 26th, 2024. These consolidated financial statements have been audited by the Statutory Auditors, whose report is currently being prepared.
Audited consolidated financial statements (report being prepared)
in €m |
Dec 31, 2023 |
Déc 31, 2022 |
Change
|
Revenue |
327.6 |
338.7 |
-3.3% |
Adjusted EBIT1 |
11.3 |
26.5 |
-57.5% |
Operating Income |
12.6 |
25.1 |
-50.0% |
Net Income, Group Share |
4.7 |
15.5 |
-69.6% |
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Sébastien Baril, SergeFerrari Group’s Chairman of the Executive Board, stated:” Although the adverse environment in its historic businesses led to a drop in volumes and profitability, SergeFerrari Group continued to develop its Solutions activities by extending its geographical coverage in 2023. This development ambition must, however, be coupled with an adjustment in the allocation of resources and production facilities to market conditions and trends. The Group is exposed to ever-shortening economic cycles. Faced with this reality and driven by the aim of returning to profitability in line with its standards, the Group is reconsidering its organization as part of the TRANSFORM 2025 plan. The plan sets out our strategic direction, while detailing the operational and financial roadmap that supports it, with the objective of creating greater value for the Group as a whole.”