(CercleFinance.com) – Jacquet Metals publishes a consolidated turnover of 1,270 ME for the 1st half, down 14.2% compared to the 1st half of 2022.
In detail, activity fell by 12.3% for the IMS group division (to 625 ME), by -19.5% for the Stappert division (to 358 ME) and by -10.8% for the Jacquet division. (298 ME).
At the same time, Jacquet Metals saw its current EBITDA drop, from 209 to 100 million, for a net profit share of the group which stood at 49 million, compared to 126 million a year earlier.
The first half of 2023 was marked by a less favorable economic situation than that of the previous year with a decline in demand and strong pressure on gross margins, explains Jacquet Metals.
The group specifies having generated 134 million euros in operating cash flows and having consolidated its financial structure with shareholders’ equity of 690 million euros and a net debt to equity ratio (gearing) of 23% (35 % end of 2022).