Memscap: profit-taking after 2024 sales figures

(CercleFinance.com) - Memscap's share price was one of the biggest decliners on the Paris Bourse on Tuesday, penalized by profit-taking after surging at the end of last year thanks to the launch of a share buyback plan.


At 4:20 pm, the manufacturer of high-precision pressure sensors for the aerospace and medical sectors was down over 9%, compared with a 0.7% gain at the same time for the CAC Mid & Small index.

Last night, the specialist in miniaturized electromechanical systems (MEMS) published full-year sales for 2024, down 10% to 12.7 million euros, after posting 51% growth in 2023.

The group cites a "deteriorated" sectoral environment due to significant tensions in supply chains in the aerospace industry, the group's largest market with 65% of annual sales.

Fourth-quarter sales came to 2.8 million euros, compared with nearly four million euros for the fourth quarter of 2023.

Operating profit from continuing operations for the last three months of the year came to 64,000 euros, leading to an operating profit for fiscal 2024 of 1.2 million euros, compared with 2.5 million euros in 2023.

Despite a temporarily deteriorated sector environment, Memscap emphasizes the solidity of its business model, which ensures a "significant and sustainable" level of profitability, the company stresses.

In its press release, Memscap also states that it has a "solid" order book in the aeronautics sector for fiscal year 2025.

The share price jumped 73% in December alone, following the announcement of a share buyback program.

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