Trilogiq continues its momentum. Outstanding since 2016, the designer and manufacturer of systems for the lean manufacturing recovered in 2020-2021, returning to positive operating income. It continued on this path in the first half of 2021-2022, which ended at the end of September. Starting from a turnover of 10.2 million euros, up 5%, the gross operating surplus (Ebitda) jumped 58%, to 0.88 million, i.e. a margin of 8.4%, against 5.6% a year earlier. ” This change is mainly due to, on one side, an increase of 123.000 euros other purchases and external expenses due to continued digital and digital investments, as well as greater use of temporary work, even though fixed structural expenses were falling,on the other side the drop of 427.000 euros personnel costs which included in particular 110.000 euros restructuring charges as of September 30, 2020 says Trilogiq. From six, the number of entities to have weighed on the gross operating surplus fell to two (Brazil and the United Kingdom).
In the end, the net result is slightly back in the green, up to 0.04 million, against a loss of 0.92 million a year earlier. Does this mean that everything is good in Trilogiq’s accounts? Not really. The surge in commodity prices reduced the gross margin by 5 points, to 60.1%. The impact was mitigated by an anticipation of purchases, assures the group, which indicates ” largely pass on the various increases to its customers. This securing of supplies is not neutral, it has increased the need for working capital. However, the balance sheet remained solid at the end of September, with net cash of 18.5 million euros, knowing that the Bpi loan of 0.38 million euros had been repaid.
For the second half, which began in October, the trend seems a little less buoyant. The order book, down 4%, and a negative base effect will complicate Trilogiq’s task. Last year, the group received an exceptional order from the American distribution giant Walmart.