(Boursier.com) — Plastivaloire records over the 2021-2022 financial year a turnover of 704.2 ME at +4% despite the persistence of stop & go periods in particular in the first half.
Operating profitability is penalized by the high increase in the cost of raw materials as well as energy and transport.
Over the financial year, the EBITDA margin was 7.4%, or -2.6 pts compared to 2020-2021.
Current operating income was 4.3 ME against 21.6 ME.
Non-recurring expenses increased sharply given the provisions made for the closure of the Creutzwald site and for the clean-up of the Morteau site.
Net income was -20.2 ME, of which -22.7 ME Group share.
Net debt stood at €240.4 million for shareholders’ equity of €257.3 million as of September 30, 2022, i.e. a net debt ratio of 93.4%.
Thanks to its portfolio of programs, Plastivaloire anticipates continued growth in Europe and North America and is targeting sales of around €730 million for the 2022-2023 financial year.
Continuing to adjust to inflation will be the major challenge for 2022-2023. Over the financial year, Plastivaloire is aiming for a slightly improved EBITDA margin compared to 2021-2022.
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