(Boursier.com) — Cogra reveals a quarterly turnover of 13.6 million euros compared to 16.7 ME in the 2nd quarter of the previous financial year. The previous year was marked by the energy crisis which particularly favored wood energy. The fear of a shortage had also led to an increase in prices which Cogra had, with discernment, limited to less than 20% in the first half of 2022/23. In this context, the level of activity for this first quarter of 2023/24, during the summer, also reflected the build-up of anticipation stocks. The start of the winter season is thus slowed down, especially since heating needs are currently limited by the mild climate at the start of winter. Faced with this market turnaround, sales growth is preserved, at 5.6% over the first 6 months of the 2023/24 financial year.
The ability of the market to manage large stocks at all levels of the value chain over the coming months, while continuing to play a driving role in the management of forestry residues, and to find an appropriate price balance will be decisive for the performance of this financial year, and of the sector as a whole.
Fully aware of the current economic and sectoral disruptions, Cogra has the required assets: a modern and efficient production tool, significant storage capacities which ensure the quality of its pellets over the long term and a loyal and diversified customer base. In this disrupted market, Cogra will remain attentive to external or organic growth opportunities that would meet its long-term vision of profitable growth and respect for forestry.
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