Winfarm: headwinds…





Photo credit © ChaunuPictures

(Boursier.com) — In 2023, Winfarm’s turnover is up 5% to €137.6 million compared to the 2022 financial year.

The increase in salaries, with the integration of the Kabelis Group companies over 12 months compared to 5 months in 2022, and the necessary revaluations in an inflationary context weighed on profitability.

The operating result stands at -2.5 ME compared to 1.1 ME at the end of 2022.

Net income, Group share, amounts to -3 ME compared to 0.6 ME in 2022.

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The financial debt is 39.9 ME at the end of 2023 compared to 32.2 ME at the end of 2022.

Winfarm is aiming for a gradual improvement in activity and profitability over 2024 despite a first quarter which should still be difficult on the commercial level…


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