Trilogiq: the title climbs after online semesters

( – Trilogiq jumped more than 12% on Monday on the Paris Stock Exchange despite the publication of half-year results deemed to be in line with expectations, with turnover stable from one year to the next.

The manufacturer of logistics products for production, maintenance and handling activities indicates that it generated consolidated revenue of 10.5 million euros over the six months to the end of September, identical to that recorded a year earlier.

The group explains that its good commercial performance in France, the United Kingdom and Turkey was offset by the decline in activity in the Americas zone.

In a global context of high inflation, the group managed to maintain a gross margin rate above 60% by anticipating its purchases and increasing its selling prices.

As of September 30, 2022, its gross operating surplus (Ebitda) stood at 209,000 euros, compared to 879,000 euros as of September 30, 2021.

Regarding 2023, Trilogiq explains that it intends to continue to reduce its structural costs and optimize its operating costs.

In a note of reaction, the analysts of Euroland evoke performances in line with expectations at the end of what they consider to be ‘a semester of consolidation’.

After updating their valuation model, they are maintaining their buy recommendation with a target price of 7.5 euros.

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