(Boursier.com) — Despite a stable 2023 turnover of 14.5 ME, Cerinnov improved its gross margin rate to 56%, representing an increase of 4 points compared to 2022. This improvement in the gross margin rate is partly attributable to the nature of the equipment sold and the life cycle of the orders concluded. It is also the result of effective business management and includes taking into account the potential risks of rising material costs when establishing sales prices.
This appreciation of the gross margin combined with the control of operating expenses over the period allowed Cerinnov Group to post an EBITDA increase of +26.3%, showing an EBITDA margin of 14.5%, or 3.1 points. more than in 2022.
Operating profit doubles over the period, going from 600 KE in 2022 to 1.17 ME in 2023. Cerinnov Group records a net profit Group share which moves into positive territory at +114 KE in 2023 compared to a net loss of – 376 KE in 2022.
Cerinnov has noted sustained commercial momentum since the start of 2024 with a secure order book, covering only orders from the Equipment activity, which stood at 7 ME at the end of March, deliverable and billable in 2024, mainly linked to the technical ceramics sector.
This amount is 1.5 ME higher than the order book communicated on February 28, 2024 on the occasion of the publication of the 2024 turnover, and is higher than that of the same period in 2023.
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