Chargeurs is down more than 7% after announcing sales of 150.8 million euros for the third quarter of 2023, down 7.6% organically and 13.8% on a reported basis compared with the same period last year.

Nevertheless, Chargeurs Advanced Materials is showing positive signs of recovery, with monthly sales volumes in September and October 2023 higher than in 2022, as well as five consecutive months of order intake higher than in 2022.

In terms of outlook, Chargeurs confirms its ambition to achieve total sales in excess of 800 million euros by 2024, an EBITDA margin of between 9 and 10%, and a debt/EBITDA multiple of less than three times.

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