(AOF) – The Plastivaloire Group achieved the highest turnover in its history for the 2022-2023 financial year, at 834.2 million euros (+18.5%), “crossing the line for the first time the milestone of 800 million euros over 12 months”. The manufacturer of complex plastic parts intended for consumer products highlights the gradual recovery of its operational profitability, with an Ebitda margin of 8.3% compared to 7.4% a year ago, and an Ebitda of 69 .4 million euros, an increase of 32.8%.
Net profit improved by 43.7% but remained negative due to net non-current charges of 20 million euros, including 15.3 million euros of goodwill depreciation in Germany with no impact on cash flow. “The net result would be positive without these non-recurring items, as it was in the second half,” underlines the group. Plastivaloire shows a net loss of 11.4 million euros.
The group is targeting a 2023-2024 turnover of more than 800 million euros, with an Ebitda margin level “slightly higher than that of the previous year” (8.3%).
Plastivaloire specifies that this level of margin will allow it “to continue its innovation policy as well as its debt reduction trajectory”. The net financial debt to Ebitda leverage ratio stood at 3.2 at the end of the financial year compared to 4.6 in 2021-2022.
© 2023 Agence Option Finance (AOF) – All reproduction rights reserved by AOF. AOF collects its data from the sources it considers the safest. However, the reader remains solely responsible for their interpretation and use of the information made available to them. The reader must therefore hold AOF and its contributors harmless from any claim resulting from this use. Agence Option Finance (AOF) is a brand of the Option Finance group
Did you like this article ? Share it with your friends using the buttons below.
