Jacquet Metals: net earnings melt in 2023

(CercleFinance.com) - Jacquet Metals has reported sales of E2.
23bn in 2023, down 16.9% on 2022.

Underlying EBITDA reached E134m (vs. E312m in 2022), i.e. a margin of 6% (vs. 11.6% in 2022).

Net income, group share, fell to E51m, vs. E180m in 2022.

Against this backdrop, Jacquet Metals reports an operating working capital requirement of E657m (28% of sales), compared with E746m at end-2022 (28% of sales), with inventories down by E103m (vs. E677m at end-2023, compared with E780m at end-2022).


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