(Boursier.com) — Over the 2021-2022 financial year, which spans 15 months, the company Les Toques Blanches du Monde, which has become Algreen, recorded a turnover of 2.62 million euros at 03/31/2022 (2.11 ME over 12 months in 2020). By smoothing the turnover over 12 months, it is stable between 2020 and 2021/2022.
The gross margin rate fell by 2.4 points compared to last year to reach 27.3%.
Ebitda is -1.54 ME as of March 31, 2022. EBIT is -1.66 ME as of 03/31/2022. The deficit stands at 2.46 ME (1.59 ME at December 31, 2020).
As of March 30, 2022, the company has cash of 332 kE.
Good prospects for 2022/2023
The company is on track to significantly reduce the loss for the current year. Following the reorganization of the workforce, the cost of payroll has drastically decreased. In addition, turnover remains stable and should accelerate in the second half of the year with national referencing in a new retail brand, in addition to product listings in supermarkets in France. .
The past financial year is a pivotal year for the group to achieve a viable economic model.
Remember that in July 2021, Les Toques Blanches du Monde acquired a key player in the premium smoked salmon industry, Unis Fish Food à 100%. This acquisition confirms its proactive external growth strategy in order to:
– acquire an efficient production site (preparation, smoking, salting, processing and packaging
– extend its positioning on the value chain, from production to marketing of a product with high potential
– Unis Fish Food achieved a turnover of 3.3ME over 9 months in 2021/2022.
With this acquisition, Algreen’s ambition is to become a major player in the food industry in Europe for consumers while respecting the environment, health and “made in local”.