Gascogne Group 2024 Annual Results

Groupe Gascogne has unveiled its results for 2024, with revenue of €391.2 million, down 4.9% compared to the previous year. This decrease is mainly due to an uncertain economic situation and a temporary production shutdown. EBITDA also declined, from €40 million to €28.6 million, mainly impacted by difficulties in the Paper business.

Despite these challenges, certain activities such as Wood and Flexible demonstrated their resilience, contributing positively to results. Investment projects, particularly for a new paper machine, are moving forward, a necessity underscored by the fluctuating performance of the paper mill.

In 2024, Gascogne also strengthened its financial structure with a capital increase of €21 million. However, the consolidated net result was slightly negative at -€0.6 million, highlighting the complexity of the current context.