on GERARD PERRIER (EPA:PERR)
GERARD PERRIER 2023 Annual Results: Positive Financial Performance
GERARD PERRIER shows robust growth in 2023 with a turnover of €304 million and a net profit of €19.5 million
By Rémy EISENSTEIN - GERARD PERRIER INDUSTRIE, specializing in automation and electrical equipment for industry, has published its annual results for the 2023 financial year, revealing notable progress in its activity. Turnover reached €304 million, marking an increase of 8.5% compared to the previous year, with growth of 7.6% on a like-for-like basis.
Net profit increased by an impressive 17.2% to €19.5 million. This performance is attributed to growth in the group's four main business areas. In particular, the Aeronautics & Defense division recorded an increase in its turnover of 16.8%, highlighting the dynamism of this sector for the company.
The company also notes an increase in its cash flow to 60.5 million euros and a slight increase in financial debt to 25.9 million euros. Despite a less favorable expected context in 2024, GERARD PERRIER plans to continue its investment plan, particularly in digitalization, human resources and digital tools within its internal startup DATIVE.
The company maintains an optimistic position for the coming year, anticipating a stabilization of its turnover at around 300 million euros. It also projects the payment of a dividend of 2.30 euros per share for 2024, up compared to the previous financial year.