The Egide Group (Euronext Growth Paris™ – ISIN: FR0000072373 – Ticker: ALGID), a global specialist in hermetic enclosures and heat dissipation solutions for sensitive electronic components, today announces its 2023 results.
The results for the 2023 financial year mark, in accordance with Egide’s business plan, an increase in turnover (+8.6%) which stands at 36.7 million euros and an improvement in profitability operational, as well as the group’s share of net income.
The main financial indicators below illustrate the recovery of the Egide Group:
• Improved profitability
Thanks to rigorous management and targeted strategic initiatives (recovery plan for American subsidiaries), the Group recorded a significant reduction in its losses in 2023:
o The net consolidated loss was reduced by 45% from €5.6 million in 2022 to €3.1 million in 2023.
o The operating loss was significantly reduced from €4.3M in 2022 to €2.1M in 2023.
o EBITDA is slightly positive at €0.1M in 2023 compared to a loss of €1.6M in 2022.
The entire press release is online on the Egide website: www:egide-group.com
EGIDE is listed on Euronext Growth Paris™ – ISIN: FR0000072