2CRSi falters

(AOF) – The 2CRSi share price fell by 13.18% to 1.70 euros following the publication of accounts for the first half, marked by a significant decline in activity. The specialist in high-performance energy-efficient computer servers specifies that following the sale of its distribution branch, the Boston group, and the transfer of the listing of its shares from Euronext to Euronext Growth in November 2022, it publishes its accounts at the end of August, in accordance with French standards, without consolidation of the figures of its French or foreign subsidiaries.

The group explains the decline in its activity by the sale of the Boston group, but also by extremely long delivery times, particularly those dedicated to Artificial Intelligence. As a result, the group experienced order execution delays in the first half.

Furthermore, the transfer of assembly, testing and logistics activities to the subsidiary “ADIMES” led to a drop in turnover, but also in payroll (from 3.4 to 2.8 million euros). Finally, other business income stands at -2.2 million euros compared to 1.3 million euros in 2022-2023, due to the decrease in stored production over the financial year.

In this context, turnover increased in one year from 15.9 to 11.2 million euros and the operating loss amounted to 4.9 million euros compared to -3.5 million euros. euros, a year earlier. The financial result includes an amount of 2.1 million euros resulting from the distribution of an interim dividend following the sale of the Boston group. 2CRSi thus recorded a half-year net loss of 1.8 million euros compared to -3.9 million euros.

“The current customer order book exceeds 40 million euros, and management forecasts indicate a return to profits for the second half ending June 30, 2024, an exceptional duration of 10 months,” underlined the group technological. He adds that the current commercial success of its products dedicated to Artificial Intelligence, Godì 1.8NV and “Atlas 1.8” ensures an extraordinary growth forecast for the second half of the year.

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