(AOF) – In a much less favorable context than last year, Cogra generated a turnover of 13.6 million euros for the second quarter of 2023/2024, compared to 16.7 million euros in the second 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 as the needs of heating are currently limited by the mild climate at the start of winter. Faced with this market downturn, sales growth is preserved, at 5.6% over the first 6 months of the 2023/24 financial year”, explains Cogra.
Faced with a 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”.
AOF – LEARN MORE