(Boursier.com) — SergeFerrari Group achieved a turnover of 327.6 million euros in 2023, an increase of -3.3% at current scope and exchange rates and -6.8% at constant scope and exchange rates.
Outlook
Due to a market recovery expected only in the 2nd half of 2024, the group will focus in the 1st half of 2024 on deploying the measures initiated at the end of 2023 through the Transform 2025 plan which aims to improve its profitability and optimize the allocation of its resources, reinforced by the use of part-time activity in the 1st quarter of 2024. The first measures to reduce WCR through the optimization of the Group’s ‘supply chain’ are showing their positive effects from this 4th quarter.
SergeFerrari Group is confident in achieving its revised objective of an operating margin of 3% of turnover for the year 2023.
“In 2023, the economic situation in our historic markets, particularly in Europe, weighed on our performance. This effect was partially mitigated by the sustained momentum in the Solutions division, driven by the Biogas activities, thus reinforcing our development prospects in these markets with high potential. As the first half of 2024 does not announce a break with the trends of 2023, the company will rely on its Transform 2025 plan to strengthen and establish its profitability profile, which will be presented during the publication of the annual results , on March 26,” explains Sébastien Baril, Chairman of the Management Board of SergeFerrari Group.
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