Cerinnov Group announces strong growth in its 2023 annual results

On April 11, 2024, Cerinnov Group, a player specializing in robotic engineering and industrial equipment for the ceramic and glass industry, published its 2023 annual results. These results highlight an acceleration in commercial dynamics and a doubling of operating profit, with stable turnover compared to 2022 due to extended supply times.

Gross margin increased by 6.9%, representing 56% of revenue, while EBITDA increased by 26.3%, with a margin of 14.5%. This performance is explained by increased efficiency and the sale of high value-added equipment, particularly to the technical ceramics market for sectors such as carbon-free energy and electric mobility.

The document also highlights a positive direction for 2024, with an order book of €7 million as of March 31, 2024. The company continues to focus on high-potential markets such as electronics and renewable energies, while maintaining a position strong in the traditional ceramics market.

The company announced the continuation of cash generation and debt reduction, with an improvement in the financial structure. The 2023 annual financial report is available on the company's website, reflecting the consolidation of its growth and innovation strategy.