(Boursier.com) — During the first half of 2023-24, the Group GECI International recorded sustained growth in its activities with consolidated turnover up +18% compared to the first half of the previous financial year. It stands at 11.57 million euros. It is divided between Digital at 44.9% and Technology at 55.1%, with International representing 40.8% of activity.
The company’s profitability continued to recover during the half-year. With sustained commercial momentum, an agile organization and controlled costs despite an inflationary context, the company recorded a current operating profit in balance in the first half of 2023-24.
The current operating profit (ROC) is practically in balance, i.e. -0.06 ME (-0.28 ME in the first half of the previous financial year). The good performance of the gross margin (in value) in a context of strong growth and the continued reduction in overheads (-8% over the half-year) contribute to this improvement in operational profitability.
After taking into account stable net financial charges and an increasing tax charge (+0.2 million euros), the Group’s share of net income stands at -0.25 ME as of September 30, 2023 (-0.34 ME as of September 30, 2022).
After taking into account the half-year result, the Group’s share of shareholders’ equity as of September 30, 2023 is positive at €2.7 million. They include for a total amount of 0.15 ME the capital increases occurring through the conversion of 15 ORNAN from the drawing of December 21, 2022. This financing also allowed a partial repayment of the debt.
Net financial debt amounts to 6.5 ME at the end of September 2023, down 0.12 ME compared to March 31, 2023 (6.7 ME).
Outlook
The growth in turnover, the continued strengthening of the financial situation and the expected improvement in profitability confirm the Group in the relevance of the strategy implemented and in its ability to pursue sustainable growth.
The company aims to continue profitable growth.