on GEVELOT (EPA:ALGEV)
GEVELOT SA: 2024 results, drop in turnover
The Board of Directors of Gévelot SA has approved the 2024 annual accounts. Consolidated revenue stands at €138.1 million, compared to €151.2 million in 2023, a decrease of 8.7%. This decline is primarily due to adverse fluctuations in North American currencies.
Current operating profit totaled €2.7 million, a significant decrease from €14.7 million the previous year. This decline is due to a less favorable product mix and underutilization of industrial capacity in Canada.
In return, the financial result amounted to €3.0 million, supported by impairment reversals and a significant dividend received from PCM SA. Consolidated net profit reached €3.8 million, compared to €13.7 million in 2023.
R. H.
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