UV GERMI: Half-Yearly Results 2024 in Mixed Tones

UV GERMI, a specialist in decontamination using UV technology, has revealed its half-year results for 2024. Net sales increased by 5.4% to €4.66 million, driven by exports which jumped by 78%. However, profitability and net income have slowed compared to 2023 due to increased expenses.

The company recorded a high gross margin, despite supply tensions. EBE stood at €0.61 million, slightly down on the previous half-year. Net income decreased by €0.09 million to €0.48 million.

UV GERMI anticipates growth of less than 10% for 2024. Free cash flow for the half-year is €0.35 million, with a solid cash position of €3.64 million. A modest return is expected in the second half-year.