Augros Cosmetic Packaging: Half-yearly report as of June 30, 2024

As of June 30, 2024, Augros Cosmetic Packaging posted a net income of -€1,937K, down from €94K last year. Revenues amounted to €6,561K, compared to €11,553K in 2023. This drop in activity (-43%) is due to a massive destocking of the luxury segments of perfumery and cosmetics, as well as a drop in sales.

The operating result is negative, at -€1,552K, compared to €164K in 2023. The financial result is also down to -€121K, influenced by the depreciation of treasury shares. The exceptional result records a loss of -€264K, due to additional provisions related to the energy provider.

The gross self-financing margin is -€1,470K, compared to €496K in 2023. The company estimates that its activity should stabilize in the second half of the year, with levels comparable to those of 2019, before the Covid crisis.