on BIO UV GROUP (EPA:ALTUV)
Solid 2024 half-year results and record free cash flow generation for BIO-UV Group
BIO-UV Group announced its 2024 half-year results, highlighting an EBITDA margin of 17.1%, or €3.8 million, the highest rate in two years. The group posted strong free cash flow generation in the first half of the year with €3.2 million.
Notable is the reduction in net financial debt of €3.1 million by mid-2024, bringing the net gearing ratio to 57%. The order book stands at €15.1 million by mid-September 2024, reflecting strong anticipated demand.
BIO-UV aims for continued improvement in operating profitability for 2024, maintaining its efforts in terms of cash generation and debt reduction. The year 2024 should see an increase compared to 2023, with an EBITDA margin above 12.8%.
R. P.
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