Jacquet Metals has published consolidated sales of 1270 ME for the 1st half, down 14.2% compared with the 1st half of 2022.

In detail, sales were down by 12.3% for the IMS group division (to 625 ME), by -19.5% for the Stappert division (to 358 ME) and by -10.8% for the Jacquet division (298 ME).

At the same time, Jacquet Metals saw its recurring EBITDA fall from 209 to 100 ME, with net income, group share coming out at 49 ME, compared with 126 ME a year earlier.

The 1st half of 2023 was marked by a less favorable economic climate than the previous year, with a downturn in demand and strong pressure on gross margins, explains Jacquet Metals.

The group states that it has generated 134 million euros in operating cash flow and consolidated its financial structure, with shareholders' equity of 690 million euros and a gearing ratio of 23% (35% by the end of 2022).

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