(AOF) – Trilogiq, which manufactures modular storage and storage systems, has published its annual consolidated accounts as of March 31, 2023, which shows a net loss from a net loss group share of 634,000 euros compared to a profit of 491,000 a year earlier in the same period. Consolidated turnover increased by 4% to 22.2 million euros, with exports now representing 83% of activity. Europe enabled the group to post a positive EBITDA over the period, while the contribution from America was strongly negative.
On the outlook side, the sharp increase in the half-year order book coupled with the cost reduction carried out during the 2022-2023 financial year should allow Trilogiq “to reconnect with a significant level of operational profitability”, according to a press release from the company.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activities are dynamic compared to October 2021. The number of visits to the points of sale has been greatly impacted by fuel problems and unfavorable weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: cap the price of energy for 2023 and retroact on contracts already signed to prevent the rate of defaults from accelerating.