(CercleFinance.com) – Cerinnov, a manufacturer of equipment for the ceramic and glass industry, jumped on the stock market this Friday after reporting a strong increase in its annual results in 2023.
Despite a stable annual turnover of 14.5 million euros linked to order delays, the robotics engineering specialist posted a current operating profit (Ebitda) up 26.3% to 2.1 million euros.
This performance results in an operating margin (Ebitda) of 14.5%, up 3.1 percentage points compared to 2022.
As for operating profit, it doubled last year, going from 600,000 euros to 1.2 million euros.
At the same time, the generation of cash from the activity stood at 1.4 million euros, a level slightly lower than that of 2022, but 2.6 times higher than 2021
Cerinnov – which says it has secured an order book of 7 million euros – emphasizes having recently presented an AI solution dedicated to controlling the quality of ceramic items.
The company also says it has identified new opportunities in high-potential markets such as electric mobility or low-carbon energies.
Following this publication, the stock climbed more than 11% on Friday on the Paris Stock Exchange, posting one of the strongest gains on the market. It still shows a decline of around 20% since the start of the year.
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