(Boursier.com) — Neolife announced continued growth in its turnover in the third quarter of 2023 (+10%) and cumulatively at the end of September (+17% to €7.4 million).
The manufacturer of environmental construction solutions (cladding, cladding profiles and terraces) publishes an economic margin of 3.1 ME compared to 2.6 ME a year earlier (+19%).
Historically, the company records in accounting revenue the sale of compound (eco-basic material of the products) to its plastics subcontractors in charge of the extrusion phase of the profiles. Since May 1, 2023, Neolife has made a process change with respect to one of its main extruders, in order to improve the management of scrap and delays. From now on, for this extruder, the raw material (compound) is made available to it (vs. material which was previously sold to it). The extruder is always responsible for transforming the raw material into finished products.
As such, in order to be able to better monitor the evolution of turnover, and thus transcribe the economic reality of the latter, the company now presents a restated economic turnover, neutralizing the sale of eco-materials to its extruders.
©2023 Boursier.com