Malteries Franco-Belges announces solid performance in the first half of 2023-2024

Malteries Franco-Belges SA has published its financial results for the first half of the 2023-2024 financial year, showing a clear improvement in a difficult market context. Sales reached 69.5 million euros, marking a significant increase of more than 15% compared to the previous year.

With an operating profit which recovered strongly to stand at 5.9 million euros, compared to a loss of 3.6 million euros in the first half of the previous financial year, the company demonstrated its ability to navigate an inflationary environment. Effective cost management and contractual renegotiations on barley prices contributed to this performance.

Contributions from associated companies, mainly in Eastern Europe, also supported the company's performance, with a share of results amounting to 14.8 million euros. Malteries Franco-Belges also strengthened its financial position, with net cash of 69 million euros and shareholders' equity of 282.1 million euros at the end of the half-year.

As part of its environmental commitments, the company highlighted the use of 30% of renewable energy over the financial year. Despite a declining beer market, the outlook remains cautious, while continuing to undertake transformations to improve competitiveness and enrich the product offering.