Plant Advanced Technologies plans to break even by 2024

( — The company Plant Advanced Technologies (PAT) recorded a turnover of €1.64 million in 2023, up slightly by 6% compared to 2022. PAT recalls having launched a plan to reduce its expenses in the fall of 2023. The savings plan put in place and the sale of non-strategic assets in progress (headquarters, etc.) will ensure business continuity for more than 12 months.

PAT plans to break even from 2024. In cosmetics, the group indicates that it has already recorded an order volume of more than 1 ME and will strengthen its R&D activities via its new subsidiary on Reunion Island.

StratiCell, a subsidiary based in Belgium specializing in the provision of in vitro effectiveness study services for skin care products, has for its part recorded nearly 300 KE of orders to date, “which will make it possible to quickly catch up with its losses in 2023 and return to profitability in 2024”, promises PAT.


Source link -87