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(Boursier.com) — At the end of its 2023 financial year, Munic recorded a turnover of 14.8 ME, down -32% compared to the previous financial year.
The company posts an adjusted EBITDA of €1.1 million, down compared to the end of 2022.
The adjusted EBITDA margin stood at 7.4% at the end of the financial year, compared to 9.6% the previous financial year, which constituted the highest level of profitability since the company’s IPO.
For the 2023 financial year, the adjusted operating profit stands at -1.6 ME.
Quoting…
The group’s share of net income stands at -1.8 ME in 2023.
As of December 31, 2023, the net financial debt stands at -5.5 ME, compared to -3.7 ME at the end of the 2022 financial year.
As indicated in the press release of January 30, 2024 relating to annual turnover, this cash position allows Munic to finance its activity until the end of July 2024.
The company continues to actively work on obtaining new sources of financing and an ongoing convertible bond negotiation, in order to extend this cash horizon…
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