Jacquet Metals: deterioration of its annual accounts


(AOF) – Sales in 2023 for Jacquet Metals amount to 2.23 billion euros. They are 16.9% lower than those recorded a year earlier (2.68 billion euros). In 2023, current Ebitda stands at 134 million euros, representing 6% of turnover compared to 312 million euros in 2022 (11.6% of turnover). In 2023, current operating profit amounts to 99 million euros (4.5% of turnover) compared to 263 million euros last year. Net profit, group share, stood at 51 million euros compared to 180 million euros a year ago.

The gross margin amounts to 481 million euros and represents 21.5% of turnover compared to 681 million euros in 2022 (25.4% of turnover).

In 2023, Jacquet Metals generated positive operating cash flow of €210 million.

The operational working capital requirement amounts to 657 million euros (28% of turnover) compared to 746 million euros at the end of 2022 (28% of turnover) with inventories down by 103 million euros (677 million euros at the end of 2023 compared to 780 million euros at the end of 2022).

After payment of the dividend and financing of investments and acquisitions, net debt amounts to 210 million euros compared to 234 million euros at the end of 2022.

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