Grolleau: resilient half-year results welcomed

(CercleFinance.com) - Grolleau gained over 3% on the Paris Bourse on Wednesday, after reporting resilient results for the six months to the end of September.


Despite a drop in sales, France's leading manufacturer of urban (telecom/energy) enclosures posted EBITDA of 494,000 euros, compared with 997,000 euros a year earlier.

The company explained that it had kept its current operating expenses well under control, thanks to actions taken on its cost structure to absorb the effects of inflation and the economic downturn.

The company's Extraordinary General Meeting also approved the change to a December 31 closing date.

The company's outlook for 2024 is "favorable", thanks in particular to new successes in the data center market.

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