FLORENTAISE announces growth and ambitious prospects for the 2nd half of 2023-2024

Florentaise, a specialist in low-carbon soils, revealed its figures for the first half of the 2023-2024 fiscal year, showing half-year turnover up 4.4%. The report focuses on improving operational performance and implementing strategies to increase cash flow. Sales in France show a positive commercial trend, while in China, the start-up of a new factory strongly boosts sales.

The results also reveal significant progress in the BIVIS sector thanks to significant growth in sales. However, the report mentions an operational loss of €2.8 million for the half-year, an improvement compared to the previous year. Particular attention is paid to the action plan which made it possible to stabilize the cash flow at €1 million as of December 31, 2023.

On the innovation front, Florentaise has recorded major progress with FloMIX, a promising biostimulant. The company continues to confirm its ambitious objectives for 2027, with a projected turnover of €120 million and an operating margin above 20%. Always focused on sustainable development, Florentaise demonstrates a solid growth trajectory and strong commitments to ecological innovation.