GEVELOT S.A. Annual General Meeting Approves 2023 Accounts

On June 13, 2024, GEVELOT S.A. held its Annual General Meeting. The meeting approved both the Annual Accounts and Consolidated Accounts for the fiscal year 2023.

All proposed resolutions by the Board of Directors were adopted. The consolidated turnover for 2023 amounted to €151.2 million, an 11.7% increase compared to €135.4 million in 2022. At constant exchange rates, this increase reaches 15.1%, driven by North American exchange rate fluctuations.

GEVELOT's net profit for 2023 is €13.3 million, up from €8.0 million in 2022. The parent company itself recorded a profit of €3.5 million, reversing a €0.6 million loss from the previous year.

A dividend of €5.00 per share will be paid starting June 21, 2024, up from €4.00 last year. The company maintains a strong development strategy aiming at greater profitability despite recent unstable conditions.