Prismaflex 2023-2024 annual results: Significant improvement despite a difficult context

Prismaflex International announces a clear improvement in its results for the 2023-2024 financial year, despite a drop in activity. Turnover stood at €51.7 million, down 9.8%. However, EBITDA increased by 80% to reach €3.6 million. The net result goes from -0.5 M€ to 0.7 M€.

The "Print" division posted a slight decline of 2.5%, while the "Hardware" division suffered a decrease of 19.3% due to weak international orders, despite good sales in France.

The gross margin increased by 6 points to 49.5%, thanks to a more selective product mix and pricing adjustments. Free cash flow reached €2.0 million, allowing a reduction in net debt to €10.9 million.

With an order book of €7.8 million as of March 31, 2024, Prismaflex expects a resumption of growth for the 2024-2025 financial year, particularly in the second half.