(CercleFinance.com) – Poujoulat recorded a sharp decline on Thursday on the Paris Stock Exchange following the publication of sharply reduced results for its first half of 2023/2024.
The specialist in chimney flues and industrial chimneys reported this morning an operating profit of 8.1 million euros for the half-year ended at the end of September, compared to a profit of 16.7 million a year earlier .
The group explains that it has suffered from the increase in its costs (raw materials, energy, payroll) as well as the absence of a price increase intended to give more visibility to customers.
Its net profit stood at 5.6 million euros, compared with 12.6 million euros at the end of the first half of 2022/2023.
In its press release, Poujoulat also mentions a trend towards normalization of demand after two ‘exceptional’ financial years (+66% cumulative growth over two years).
If the company says it expects a 2023/2024 financial year of ‘transition’ due to the temporary slowdown in the market, it says it is ‘confident’ in its medium and long-term strategic orientations.
The manufacturer of biofuels (logs, pellets, fire starters) for domestic use considers itself well positioned in the face of challenges linked to energy efficiency and renewable energies.
However, the stock lost more than 7% after this publication.
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