(Boursier.com) — During the 3rd quarter of its 2022-2023 financial year, Prismaflex International achieved a turnover of 13.5 million euros, an increase of +11.8% (+10.6% at constant exchange rates). The continued good momentum of the Hardware activity, with in particular the first deliveries of orders in Morocco and Brazil, made it possible to offset the economic downturn in the Print activity, which faces a demanding basis of comparison, particularly in decoration interior.
This quarterly change brings the turnover over 9 months to 43.6 ME, an increase of 23.9% (+22.4% at constant exchange rates).
The ‘Print’ activity achieved a turnover over 9 months of 28.5 ME, up +9.9% compared to the same period of 2021-2022.Sales of the ‘Hardware’ activity at 15.1 ME, a very strong growth of 63%, in line with the level of the order book.
Outlook for the 2022-2023 financial year
In a still complex and changing economic climate, Prismaflex International intends to continue its growth in the 4th quarter by relying on an order book which remains solid at December 31, 2022 at 11.6 ME, including 5.9 ME in Hardware and 5. 7 ME in Print. Commercial activity since the beginning of the 4th quarter remains well oriented overall.
The ‘Hardware’ Division will continue to capitalize on its recent commercial successes, notably with the continuation of deliveries in the 4th quarter in Germany, Belgium, Brazil and Morocco and a good pace of consultations on calls for tenders. The Print activity should maintain a good level of activity in line with that recorded in the 4th quarter of 2021-2022, with an expected improvement in the trend in interior decoration.
The Group aims to approach the milestone of 60 ME in sales over 12 months. However, the inflationary context will continue to weigh on operating profitability. The latter should be lower in the second half of the year than that observed in the first half. The efforts undertaken to regain the level of gross margin and historical operating profitability should in fact above all have a positive impact on the next financial year..