BRIEF

on CYBERGUN (EPA:ALCYB)

Cybergun: Half-Year Results 2024

Cybergun announced its 2024 half-year results, marked by a significant disposal and a partial recovery. The company has initiated the sale of its Civil division to value more than €10 million, with a €9.3 million agreement already signed. This disposal caused a 31% decline in the Civil division, resulting in an operating loss of €2.9 million.

On the contrary, the Arkania Military division posted growth of 22% with a turnover of 10.4 million euros and a return to profitability (+0.7 million euros). Furthermore, Cybergun is looking for new partners for Verney-Carron in order to mitigate losses due to the delay in the execution of a contract in Ukraine.

Overall, consolidated turnover is down to 24 million euros. Net income is negative at 6.1 million euros. Cybergun plans to meet its financial commitments thanks to the sale of the Civil division.

R. P.

Copyright © 2024 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.

Click here to consult the press release on which this article is based

See all CYBERGUN news