2023 annual results for Jacques Bogart: Financial stability and significant progress in results

Jacques Bogart announced a consolidation of its turnover for the year 2023, with a slight increase of 0.4%, reaching 292.4 million euros. EBITDA also recorded a notable increase of 10.3%, amounting to 42.8 million euros. This progression reflects reorganization efforts in France and Belgium, as well as optimized cost management despite an inflationary context.

Operating income saw a significant improvement, from -5.4 million euros in 2022 to 11.7 million euros in 2023. Net income also recovered, showing a profit of 3.8 million euros. euros compared to a loss of 10.4 million euros the previous year. The gross margin increased by 3 million euros, reflecting an improvement in the product mix.

Financially, Bogart's structure remains robust with equity of 84.3 million euros and self-financing capacity which has increased to 33.7 million euros. Operating cash flow reached €16.1 million, despite an increase in working capital requirements.