2023 Annual Results: AURES TECHNOLOGIES in Difficulty

AURES TECHNOLOGIES has published its annual results for the year 2023. The turnover stands at €86,342 thousand, down 16.47% compared to 2022. The company shows a net result of -10,583 thousand €, impacted by depreciation of the software activity.

The operating profit is -10,551 K€ with an operating margin of -12.17%. This deterioration results from the absence of depreciation allowances and a reduction in tax credits. The depreciation of goodwill and intangible assets also weighed. Restated for these depreciations, the operating loss amounts to 6 million euros.

Cash flow remains under pressure despite a reduction in net debt to 3.6 million euros. Exclusive negotiations with Advantech for additional financing and a possible acquisition are underway.