Precia: clear slowdown in growth in Q3








(Boursier.com) — In the 3rd quarter of 2023, the turnover of the Precia Molen Group amounts to 40 ME (+0.8% compared to 2022 and growth of 10.5% compared to 2021). Organic growth for the quarter amounts to 1.8%, penalized by the drop in activity in Milviteka, Lithuania (1.2 ME).

Over the first nine months of 2023, turnover amounted to €126.5 million, up +7.1% compared to the same period in 2022. At constant scope and exchange rates, organic growth amounts to +9.4%,
the impact of changes in scope is -1.3%, currency effects are -0.9%.

“The significant drop in the rate of order taking in Western Europe, and particularly in France, is confirmed with the consequence of the difficulty in regenerating the end-of-year order book. Milviteka, Lithuania, should be able to renew its book orders by the end of December. For other regions of the world, economic activity continues to be good, with a return to normal in India which saw exceptional order intake at the start of 2023 due to some particularly large projects. important”, comments the company by way of outlook.


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