EGIDE: 2023 annual results

EGIDE (Euronext Growth Paris - FR0000072373 - ALGID), announces an increase in turnover of 8.6% to 36.7 million euros for the year 2023. This growth is mainly due to performances in North America and in Europe. The consolidated net loss decreased by 45% to 3.1 million euros. In addition, the operating loss was reduced from 4.3 million euros in 2022 to 2.1 million in 2023. EBITDA went from a loss of 1.6 million euros in 2022 to break even in 2023.

In 2024, EGIDE aims to maintain the growth of its activities in the United States and to diversify its customer portfolio by expanding its product range. The outlook also includes continued improvement in profitability and optimization of operations in the United States. The group continues to study all options to meet its working capital requirements and its investment projects.