(AOF) – As of September 30, 2023, Vinpai’s cash position stood at 2.2 million euros: the company specializing in natural alternatives to chemical additives confirms its objectives for 2025, with a turnover of 16 million euros and an EBITDA rate (gross operating surplus) greater than 10%. The half-year net loss stood at 781,000 euros, compared to 573,000 euros a year ago, for a turnover up 33%, to 3.98 million euros.
On July 13, 2023, Vinpai announced the success of its IPO on Euronext Growth, with a capital increase of nearly 7 million euros, including 2.4 million euros by offsetting receivables. This operation allowed the company to strengthen its financial resources, having met with great success with both institutional and individual investors.
“Our business has benefited from favorable trends in our markets, linked to the development of new eating habits and the desire to consume responsibly, with continued strong demand for natural ingredients, thus confirming the promising nature of Vinpai’s positioning,” declares Philippe Le Ray, General Manager.
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Nothing is going well for German chemistry
German chemicals, very dependent on Russian gas, are in difficulty. Following sluggish sales in the automotive sector and falling demand in construction, production is down 8.5% in 2022, with overall turnover down 1.6% to 63.1 Billions of Euro’s. Specialty chemistry is doing better. On the other hand, the rate of utilization of production capacities in basic chemicals has slowed significantly to reach less than 80%. The third German industrial sector is tempted by relocation to the United States, where energy costs are much lower. With the Inflation Reduction Act, the United States has established an environment appropriate to current challenges.