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.
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