First half results for MOULINVEST as of February 29, 2024: Difficult economic situation and drop in prices

MOULINVEST announces half-year results marked by a 10.7% decrease in consolidated turnover, reaching 46.7 million euros. The drop in sales prices weighs heavily on these results.

The Wood Energy sector recorded a notable decline of 27.1%, despite stable volumes. The granulation activity is particularly affected by the drop in sales prices. The Wood Construction division, although less impacted, suffered a decrease of 2.4% due to the drop in prices and the increase in supply.

Operating profitability is also down with EBITDA of 6 million euros, a fall of 60.2%. The net result was -0.2 million euros compared to 7.5 million euros over the previous period.

Despite this, MOULINVEST maintains a solid level of cash flow and continues to reduce its debt. Shareholders' equity stands at 78.9 million euros and net cash is 28.4 million euros as of February 29, 2024.