on ROCTOOL (EPA:ALROC)
ROCTOOL: Revenue for the first half of 2024
Roctool announced consolidated revenue of €3.0 million for the first half of 2024, down 41% compared to H1 2023 and 26% compared to H1 2022. This decline is mainly explained by a slowdown investments, particularly in the automobile sector, where sales fell by 56%.
Faced with this situation, Roctool has strengthened its activities in other sectors (luxury, beauty, consumer goods) and strengthened its partnership with ENRX. Two new demonstration centers in China and the United States are expected to drive growth in the second half of 2024.
Roctool has implemented a strict budgetary policy from April 2024 to reduce its costs, the effects of which will be visible from the second half of 2024. The company is also working to secure its financial position.
Despite a difficult context, Roctool is showing itself to be ambitious by launching new projects with major brands and presenting its innovative R-IDS™ technology, which promises energy savings and increased performance.
R. H.
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