Florentaise: half-year loss of 2.2 ME




(Boursier.com) — Sales of Florentaise at the end of December amounted to 17.9 MEUR. Compared to the first half of 2022-2023 proforma (June to December 2022), turnover increased by 4.4%.

The operating result for the half-year shows an improvement with a loss of 2.8 MEUR for a loss of 3.1 MEUR on the 6-month proforma as of December 31, 2022. The net result is a loss of -2.2 ME, compared to -1.7 ME in proforma a year earlier.

As of December 31, 2023, cash flow stands at around EUR 1 million, marking a low point before the current inflection point.

The Group confirms its 2027 objectives aimed at achieving a consolidated turnover of 120 MEUR combined with an improvement in profitability with an operating profit greater than 20% of turnover in 2027.


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