Review of the First Half of 2024 for I.CERAM

I.CERAM has revealed the financial results for the first half of 2024. Revenues amounted to €326k, marking a decrease of 46% compared to the same period in 2023. This decrease is due to the loss of certification of certain historical products, in connection with the MDR regulation.

The operating result is -714 k€, while the net result reaches -621 k€. In comparison, the first half of 2023 had benefited from a capital gain resulting from the sale of a subsidiary. To limit the operating loss, the company reduced its fixed and variable costs.

As part of a judicial recovery procedure, I.CERAM has obtained an extension of the observation period. A restructuring plan will be presented to the Gladel & Associés firm, with a hearing scheduled for November 20, 2024.