Terreaux France: good performance of activity (+5.8%)
China: adaptation of the industrial plan to meet strong demand (-11.8%)
Growth in BIVIS activity (+36.2%)
Saint-Mars-du-Désert, January 30, 2024: Florentaise (FR001400GO75, ALFLO), pioneer of low-carbon potting soils, today publishes its 2023-2024 half-yearly consolidated turnover. As a reminder, the Group experiences significant seasonality linked to gardening activities which traditionally start in spring and whose sales materialize from the 3rd quarter.
As of December 31, sales over 6 months (June to December 2023) amounted to €17.9 million, including €8 million made for the 2nd quarter of the 2023-2024 financial year (period from October 1 to December 31). 2023). Compared to the first half of 2022-2023 proforma, turnover is up 4.4%, reflecting a satisfactory level of activity in the sale of potting soil in France and good momentum in the BIVIS activity. This performance must be assessed in light of the work underway in China aimed at optimizing the Group’s industrial plan. The ongoing relocation aimed at significantly increasing production volumes mechanically weighed on commercial performance in the 2nd half.