(AOF) – SergeFerrari achieved a turnover of 327.6 million euros in 2023, a decline of 3.3% at current scope and exchange rates and 6.8% at constant scope and exchange rates. , impacted by the contraction of its historic markets in Europe. The group’s Rebit stood at 11.3 million euros, compared to 26.5 million euros the previous year, a decline of 57.5% over one year. The group recorded an operating profit of 12.6 million euros compared to 25.1 million euros in 2022, a decline of 50% over one year.
Net profit, group share, stands at 4.7 million euros compared to 15.5 million euros in 2022. It is down 69.6% year-on-year.
“The drop in the margin rate on purchases consumed observed over the period, going from 52.3% of turnover in 2022 to 50.6% in 2023, is explained by the conjunction of a negative volume effect on sales and rising energy costs”, underlines SergeFerrari.
In parallel with the presentation of its annual results, the group will propose to the General Meeting of May 16, 2024 the payment of a dividend of 0.12 euros per share for the 2023 financial year, to be paid in July 2024.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.