MASTRAD announces half-year improvement despite a difficult context

Mastrad, a company specializing in kitchen utensils, reports an improvement in its financial results for the first half of the 2023-2024 financial year, closed on December 31, 2023. With a turnover of €1,559K compared to €2,896K l he previous year, the company observed a significant reduction, the result of its strategy of refocusing on temperature sensors.

The net result also saw a notable improvement, going from -€1,087K to -€183K. This progress is attributed to the simplification of operational costs generated by the merger of subsidiaries and disposals of activities, as well as to exceptional management that is more favorable than last year. The safeguard procedure initiated in December 2023 by Mastrad aims to stabilize its activity in the face of the uncertainty of orders from Whirlpool, its main customer.