on GECI INTERNATIONAL (EPA:ALGEC)
GECI International announces sustained growth and a significant reduction in its debt for the 2023-2024 financial year
GECI International, a player in the Digital and Technology sectors, reports an 11% increase in its annual turnover for the 2023-2024 financial year, reaching 22.8 million euros. This growth is notably driven by telecommunications equipment installation activities in Brazil and High Performance Computing (HPC) in France. However, a decline was noted in the financial IT and outsourcing sectors.
The company also managed to reduce its net financial debt by 80%, from 6.6 million euros to 1.3 million euros. This financial improvement is attributed to the end of a legal dispute and the repayment of certain debts. Geographically, turnover is distributed between France (60%) and Brazil (40%).
The group highlights its partnership with large companies such as IBM, Hewlett Packard Enterprise and Amazon Web Services, thus strengthening its position in the market. Looking ahead, GECI International plans to continue exploring growth opportunities in digital and technology.
R. P.
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