Jacquet Metals: Q1 sales -19.3% at E558m

(CercleFinance.com) - Jacquet Metals' sales amounted to E558m in Q1 2024, down 19.
3% y-o-y, while its gross margin was 20.3%, vs. 25% in Q1 2023.

Underlying EBITDA was E19.3m, i.e. 3.5% of sales, vs. 11.1% in Q1 2023 (vs. E77m in Q1 2023). Group net income came to E2.7m (a fraction of the E44m in Q1 2023).

The group generated E87m in operating cash flow and strengthened its financial structure, with shareholder equity of E682m and a gearing ratio of 25% at end-March 2024 (31% at end-2023).


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