SQLI: 31% increase in its net profit in the first half – 09/21/2023 at 6:21 p.m.

(AOF) – In the first half of 2023, SQLI declares that its operating profit (Ebit) reached 6.7 million euros, after taking into account 3.2 million euros of non-current net charges (related for approximately half to the recognition, without impact on cash flow, of the long-term incentive plan put in place in 2022). Its Ebit fell by 15% compared to the first half of 2022 (7.9 million euros). Over this period, its consolidated net profit amounted to 3.4 million euros, an increase of 31% over one year.

The European digital services group recorded a fifth consecutive half-year of organic growth and saw its turnover reach 128.3 million euros at the end of June 2023 (+3% compared to the end of June 2022, of which +2.3 % at constant exchange rates).

The Group recorded sustained growth in revenues generated by its main customers, a strategic priority, offsetting a slight decline in the rest of the customer base.

France (+2.4%) and international (+3.8%) contribute to the growth of the Group’s revenues.

As of June 30, 2023, SQLI had gross cash of 17.9 million euros compared to 22.2 million euros at the start of the year. The variation mainly comes from a reduced use of deconsolidating factoring and a seasonal increase in working capital requirements.


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