(AOF) – Ekinops revealed a consolidated net profit down 70% to 3.6 million euros. The telecommunications solutions provider’s Ebitda fell 18% to 18.6 million euros, showing a margin of 14.4% in 2023, compared to 17.7% the previous year which was a record level. Ekinops targeted an Ebitda margin of between 13% and 17%. Already published, turnover increased by 1% to 129.1 million euros.
The last part of the year was strongly impacted by a degraded market context in the Access business line, against a backdrop of economic slowdown and high equipment inventory levels among operators.
Operating cash flow amounted to 13.5 million euros, compared to 9.4 million euros the previous year. “After the high level reached mid-year, the variation in working capital requirements was reduced in the second half due to the slowdown in activity and optimal cash management,” explained the company. .
Given the current visibility and the timing of economic recovery that is still uncertain at this stage of the year, Ekinops is not formulating financial objectives for the 2024 financial year. The activity of the first half of 2024 should however be registered down compared to last year. Beyond that, Ekinops expects a rebound in sales of Access equipment, as the economic recovery progresses.
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