Improvement in EBITDA and debt reduction confirmed at ALTHEORA in 2023

ALTHEORA unveiled its 2023 annual results marked by a notable increase in its consolidated turnover and EBITDA. The turnover of the company specializing in the processing of composite and polymer materials amounts to €41.3 million, up 18% compared to 2022. This growth is supported by the integration of Chris France Plastiques and diversification towards new sectors such as mobility.

EBITDA also saw an impressive increase, from €1.1m in 2022 to €2.1m in 2023. However, the net result remains negative at -€2m, slightly lower than the -€1.7m of the previous year. Despite a difficult economic environment, ALTHEORA managed to reduce its debt, which now stands at €15.4 million compared to a higher amount the previous year.

The group also confirmed its commitment to decarbonization with its “CONFLUENCE 2030” strategic plan, focused on low-carbon solutions and continuous improvement of its processes. This plan notably provides for an increase in the value chain of low-carbon industrial solutions by 2030.