on Société Industrielle Et Financière De L'Artois (EPA:ARTO)
Industrial and Financial Society of Artois: 2024 Report
Société Industrielle et Financière de l'Artois announced improved results for the 2024 financial year. Consolidated revenue reached €161 million, up 1%, thanks to the strength of Automatic Systems, particularly in North America. However, IER suffered a decline due to the Easier business.
Operating profit improved from -€7 million in 2023 to -€3 million, driven by the sale to Polyconseil and improved profitability at Automatic Systems. However, financial profit fell to €28 million, impacted by a decrease in dividends.
Net profit stood at €17 million, compared to €25 million in 2023. The Board proposes a stable dividend of €68 per share. Finally, a proposed public buyout offer by Bolloré SE is underway, following a reassessment of financial conditions.
R. E.
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