PAULIC MEUNERIE: Half-yearly report 2024 and outlook

PAULIC MEUNERIE announces a 7% decline in activity in value for the first half of 2024, mainly due to the termination of a major contract. The group, specializing in high-quality flours, is experiencing a reduction in its turnover to €9.87 million compared to €10.67 million in 2023. The gross margin decreases slightly to 28.3%.

The company is undertaking an industrial reorganization to optimize its operations and is planning volume growth with a new contract in mass distribution. This initiative aims to compensate for the loss of the old contract and prepare a return to positive results from 2025. Despite financial results in deficit of €0.2 million, cash remains under control, with equity of €7.2 million.

PAULIC MEUNERIE hopes to improve its operational performance, taking advantage of the benefits of the grouping of its sites and strict budgetary discipline.