TERA Group announces impacted but resilient 2023 results

TERA Group has published its results for the year 2023, revealing consolidated turnover down 8.7% to 12.852 million euros. Despite the shutdown of its subsidiary TERA Control, the Group is showing signs of resilience, notably thanks to growth in its laboratories.

The company recorded a decrease in its sensors division, with a 5% drop in revenue compared to 2022, mainly due to resources allocated to the industrialization of new products. However, the activities of the TERA Environnement and Toxilabo laboratories saw a 13% increase in the number of samples processed, contributing positively to revenues.

Financially, the Group closed the year with an EBITDA of €282,000, a significant improvement compared to the first half. The closure of TERA Control had a negative impact on results with a net loss of €1,883 thousand, but the outlook for the continuation of other activities remains solid.