SergeFerrari Group reported a halving (-50.5%) of net income to 5.1 million euros and a 3.2-point drop in operating margin to 6.1% for the first six months of 2023, impacted by raw material and energy costs.

Faced with falling demand for consumer equipment, sales rose by 3.2% to 175.5 million euros, but fell by 2.9% on a like-for-like basis, with a high basis of comparison.

For fiscal 2023, the manufacturer of high-tech composite fabrics confirms its revised financial targets, namely sales growth of +4% and current operating income of between 5 and 5.5% of sales.

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