on ECOSLOPS S.A. (EPA:ALESA)
ECOSLOPS - Results for the first half of 2024
Ecoslops, a cleantech company specializing in the circular economy of oil, has revealed unaudited results for the first half of 2024, ending June 30. Turnover increased by 30% on a comparable basis, reaching 6.2 million euros.
The sale of Ecoslops Provence to TotalEnergies in February 2024 was finalized, impacting the group's financial statements. EBITDA improves from -€0.3 million in 2023 to +€0.3 million in 2024.
Gross margin decreased by 6 points due to swap contracts and shipping costs. Cost savings at headquarters partially offset increases in Portugal.
The balance sheet shows a reduction in net debt of €6.1 million, with cash increased to €7.8 million. A collection of €8 million linked to the sale of Ecoslops Provence contributes to positive cash flows.
R. P.
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