Brief: Florentaise H1 Consolidated Revenues Amounted To EUR 13.6 Mln

Florentaise SA

27/04/2023 18:07

April 27 (Reuters) - Florentaise  ALFLO.PA :
    * HALF-YEAR RESULTS 2022-2023
    * FOR H1 ENDING DECEMBER 31, 2022, CONSOLIDATED REVENUES
AMOUNTED
TO EUR 13.6 MILLION
    * ON A PRO FORMA BASIS, BASED ON THE SPIN-OFF OF ALL POTTING
SOIL
ACTIVITIES ON DECEMBER 31, 2022, REVENUES AMOUNTED TO EUR 16.9
MILLION
    * PERFORMANCE IN LINE WITH EXPECTATIONS
    * STRONG GROWTH EXPECTED AT END OF YEAR, DRIVEN BY SPRING
SALES OF
POTTING SOIL AND CONTINUED GROWTH IN CHINA
    * RISE IN BIVIS RENTAL ACTIVITY WITH 4 NEW INSTALLATIONS IN
UNITED
KINGDOM AND FIRST SIGNATURE IN U.S.
    * COMPANY EXPECTS TO ACHIEVE PRO FORMA SALES OF MORE THAN
EUR 65
MILLION FOR CURRENT FINANCIAL YEAR, WHICH WILL END ON JUNE 30,
2023
    * BY 2027, FLORENTAISE EXPECTS TO ACHIEVE A CONSOLIDATED
TURNOVER
OF EUR 120 MILLION (WITH A SPLIT OF 80% FOR POTTING SOILS AND
20% FROM THE RENTAL OF BIVIS)
    * COMPANY PLANS TO INCREASE ITS OPERATING INCOME TO MORE
THAN 20%
OF SALES BY 2027

Source Text on Eikon:  urn:newsml:reuters.com:*:nEQ32ZnQza
Further company coverage:  ALFLO.PA 

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