BOA Concept announces its financial results for 2023

BOA Concept, a French intralogistics player, has published the results for its 2023 financial year which indicate a slight drop in performance compared to the previous year, despite an unfavorable economic context. The company's turnover stood at 16.0 million euros, compared to 20.1 million in 2022. This reduction reflects the impacts of weak consumption and geopolitical tensions mainly affecting the e-sector. -trade.

Even though turnover decreased, the company was able to effectively manage its expenses, allowing EBITDA to stand at 1.9 million euros, or 11.5% of turnover. The net result remains positive at 1.6 million euros. BOA Concept's fundamentals remain solid with comfortable cash flow of 11.4 million euros and shareholders' equity amounting to 16.2 million euros, thus guaranteeing the continuity of its development and innovations.

The company is continuing its investments in R&D, in particular with the presentation of a new picking robot. BOA Concept is also involved in social and environmental responsibility projects, with the establishment of an initial carbon footprint. It also continues its international expansion with the acquisition of the Belgian company EASY Systems.