Half-year results 2024: CERINNOV Group records an increased deficit

CERINNOV Group, a specialist in the ceramics, glass and metallurgy sector, has presented its financial report for the first half of 2024. The company, impacted by rising raw material costs and supply delays linked to the conflict in Ukraine, has signed a partnership for the decarbonization of its industry.

During this period, the group achieved a slight increase in its turnover, reaching 6,468K euros compared to 6,438K euros in 2023. However, the consolidated net result is in deficit of 744K euros, an aggravation compared to the deficit of 81K euros recorded in 2023.

Despite an unchanged consolidation of the scope and a slightly increasing workforce, the group reports an operating loss of 596K euros and a financial deficit of 96K euros.

Assets decrease to 6,720K euros from 7,061K euros at the end of 2023, while total debts increase slightly to 18,111K euros. The group's equity decreases to 3,286K euros, from 3,788K euros, reflecting the loss recorded.

The company anticipates issuing a new tranche of EUR 200K of ORA in the second half of 2024 to support its equity. No notable events have occurred after July 1, 2024.