Grolleau: half-year net result in the red




(Boursier.com) — Grolleau records a published consolidated turnover of 14.9 ME at the end of this first half of 2023, taking into account the integration of OMP Mechtron proportionally over two months. On a like-for-like basis, Grolleau’s turnover is €12.1 million.

At the close of this first half of 2023, EBITDA stood at 3.3%, better than in the second half of 2022-23 and identical to that achieved by Grolleau over the entire 2022-23 financial year. On a historical basis, EBITDA is 1.9%.

Depreciation and provisions net of reversals increased by +0.5 MEUR (to 1.0 MEUR) and reflect the Group’s industrial investments with the integration of OMP. The operating result came to -0.5 MEUR.

After taking into account a financial result of -0.1 MEUR and an exceptional result of -0.3 MEUR linked to severance pay (historical scope) and OMP integration costs, the net result appears at -0.9 MEUR.

The start of 2024 will start with a solid order book of more than 13 MEUR.

On a 12-month proforma basis (from January 1, 2023 to December 31, 2023), the new Group should achieve consolidated annual revenue of more than EUR 40 million on a proportional integration basis of 49.9%, with a margin of EBITDA greater than 3.3%. The 12-month proforma turnover would represent more than 60 MEUR on a 100% global integration basis.

Grolleau and OMP have started implementing commercial, product and industrial synergies. They appear promising and in line with expectations, particularly on an international level. This collaboration has already resulted in obtaining an order to study and produce prototypes for a multi-energy charging station in the United States.


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