(AOF) – Amoeba announces that its cash flow as of June 30, 2023 amounts to 3.13 million euros compared to 5.52 million as of December 31, 2022. The specialist in the treatment of microbiological risk in the water, plant protection and health estimates that it has sufficient net working capital to meet its obligations and cash flow needs “until June 30, 2024”. The half-year net loss reached 4 million euros compared to 4.72 million a year ago, without having achieved any turnover.
The company is continuing its project to establish its first biocontrol plant. This factory, which will be located in Cavaillon (Vaucluse), should be operational in the first quarter of 2025 to meet the start of the marketing of biocontrol products.
AOF – LEARN MORE
Learn more about the chemicals sector
Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.