(AOF) – Winfarm, a specialist in distance selling for the agricultural world, recorded an annual net loss of 3 million euros in 2023 compared to a net profit of 30,000 euros a year earlier. Ebitda stood at 2.3 million euros compared to 4.5 million euros at the end of December 2022, representing 1.7% of annual turnover compared to 3.5% in 2022. The group published a figure annual sales growth of 5%, to 137.6 million euros.
“In order to return to more profitable growth for the 2024 financial year and subsequent years, the group has implemented several measures aimed, on the one hand, at revitalizing the activity, optimizing the structure of its organization and limiting the weight of expenses operational”, indicates the company in a press release.
For the entire group, operational expenses will be under strict control, including a freeze on remuneration and hiring for the financial year.
Associated with strict financial discipline, these measures should promote the gradual improvement of activity and profitability over 2024 despite a first quarter which should still be difficult in the commercial field.
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