on CERINNOV GROUP (EPA:ALPCV)
Cerinnov Group: Results for the first half of 2024
Cerinnov Group, a specialist in robotic engineering and industrial equipment for the ceramic and glass industries, has published its results for the first half of 2024.
Consolidated revenue remains stable at €6.468 million, compared to €6.438 million in 2023. Gross margin represents 60% of revenue compared to 59% the previous year. However, EBITDA falls to €625,000, compared to €747,000 in 2023.
A notable point is the depreciation of 765,000 euros due to the compulsory liquidation of a client, negatively affecting the operating result which shows a loss of 596,000 euros. The group's net result stands at a loss of 746,000 euros.
The order book for equipment stands at €4.7 million. The second half of the year is expected to be marked by a slowdown before a rebound expected in 2025, driven by technical ceramic projects.
R. H.
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