• 2022 results: increase in turnover, significant reduction in expenses and losses
• Securing the 12-month working capital requirement through equity financing and convertible bonds
• Convening of the annual general meeting on June 30, 2023
Consolidated results for the year ended December 31, 2022
LES AGENCES DE PAPA SA, listed on Euronext Access+ (MLPAP), announces that for the financial year ended December 31, 2022, it achieved revenue of €3,142,253, and for the group, consolidated revenue of 625,150 euros (taking into account the result of management fees) and a loss of -9,466,400 euros.
Consolidated revenue increased between the financial year ended December 31, 2021 (€301,000) and the financial year ended December 31, 2022 (€625,000).
At the same time, the Group has significantly reduced its external expenses, with total purchases and external expenses falling from €8,147K as of December 31, 2021 to €4,949K as of December 31, 2022.
Losses have also fallen sharply (by more than €3.5 million, or almost 30%).