(AOF) – Groupe Berkem announces, as part of the review of its 2024 budgets, the postponement of its financial objectives by one year, initially planned for the 2024 financial year: a turnover of at least 65 million euros and an EBITDA margin of around 25%. The plant chemistry specialist cites “a deteriorated economic and geopolitical context since the conflict in Ukraine” causing a general increase in its operating costs due to inflation.
Berkem claims to have suffered a sharp slowdown in its “Construction & Materials” and “Hygiene and Protection” business lines, impacted by a construction market that has been in sharp decline for several months, also linked to inflationary pressures.
The Group, however, remains confident in its future growth: its “Health, Beauty & Nutrition” and “Industry” business divisions are experiencing “excellent commercial dynamics” in 2023, and the numerous investments, particularly in R&D and regulatory affairs in the aim of strengthening its “product” innovations, recruitments and external growth operations carried out this year “should bear fruit quickly”.
The objectives remain unchanged but the Group now aims to achieve them by 2025.
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