(CercleFinance.com) – Memscap shares fell on Wednesday late morning, the victim of some profit-taking the day after the publication of its annual results, marked by ‘profitable hyper-growth’ in the words of the band.
Shortly before 12:00 p.m., the shares of the manufacturer of high-precision pressure sensors for the aeronautics and medical markets lost 1.4% while the Parisian market gained on average 0.8%.
The specialist in miniaturized MEMS component technology indicates that it recorded growth of 50.7% in its turnover last year, which exceeded 14 million euros, for the 2023 financial year.
Its operating profit increased tenfold, to 2.5 million euros, for a net profit of 2.1 million.
In a press release, the group estimates that these performances confirm its trajectory forecast for 2026, focused on an average annual growth rate of 20% associated with high levels of profitability.
If Euroland analysts welcome the results as ‘spectacular figures’, the market seemed to judge that it is now time for the stock to take a breather after having seen an almost 380% surge in the share price over the last 12 months. .