(Boursier.com) — The turnover of Roctool amounted to 4.1 million euros in the 1st half, signifying an increase of +42% vs. the 1st half of 2021, driven by a strong comeback in the automotive market, which represents 53% of total turnover in the 1st half 2022. In line with society’s expectations, sales are growing in all markets: beauty, mass consumption, industry and energy. Driven by the need to find sustainable solutions for their products based on eco-responsible materials, economic players are turning to the proven Roctool technology which meets their very rigorous specifications.
The company manages to significantly improve its gross margin rate to 76% (69% in the 1st half of 2021) and presents a net profit in the 1st half.
EBITDA reached its break-even point in the 1st half of 2022 (-0.9 ME in the 1st half of 2021).
This continuous improvement in operational performance allows all results to continue to improve. The net result shows a profit of +0.1 ME (-1.2 ME in 2021).
The company’s cash position stood at €1 million as of June 30 (€2 million as of December 31, 2021), with significant customer outstandings given the concentration of sales at the end of the period. Consolidated shareholders’ equity at the end of June 2022 amounted to €2.7 million, stable compared to December 31, 2021.
Outlook
Like the order book, the Group has an onboard growth for the 2023 financial year, with in particular major projects in the automotive, beauty and electronics sectors, or even a first development contract in the solar sector.
Over the new period that is beginning, Roctool should also benefit from the effects of its participation in major international exhibitions.
Roctool is confident in its ability to pursue its roadmap and deliver profitable growth, with a change of dimension on an international scale, boosted by the need for eco-responsibility for many applications. The company is also continuing its discussions with potential key strategic partners.
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