(AOF) – Jacquet Metals presented sharply declining results over the first nine months of 2023. The specialist in the distribution of special metals shows a net profit, Group share, of 49 million euros, compared to 160 million euros. end of September 2022. The group’s sales amounted to 1.764 billion euros, 16.7% lower than those recorded a year earlier. In the fourth quarter of 2023, changes in market conditions lead the group to anticipate a “significantly lower” level of activity than in the fourth quarter of 2022.
Jacquet Metals cites “weak demand and the erosion of prices, correlative to the slowdown in industrial activity in all of the group’s markets, particularly Germany.” “These trends, particularly marked in the third quarter, are exerting strong pressure on gross margins and distributed volumes,” he specifies.
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