Within the framework of the transaction announced today, Groupe Berkem has reconsidered its business plan and financial projections. This revision takes into account the persistent difficulties affecting the "Construction & Materials" business area since the Ukrainian crisis, as well as delays in obtaining marketing authorizations for its bio-based products, both in France and internationally. Lastly, in view of the numerous investments to be made at its new production site in Valencia, Spain, and the ever-changing economic and geopolitical context, Groupe Berkem has no immediate plans to make any new acquisitions in the short to medium term.
In view of the above, Groupe Berkem now expects to achieve revenue of at least EUR70 million by 2025, and an EBITDA(2) margin of at least 16% by 2027.
Availability of the 2024 half-year financial report
The interim financial statements were approved by the Board of Directors and reviewed on 26 September 2023. The 2024 half-year financial report will be filed with the Autorité des marchés financiers and will be available by 31 October 2024 on the Company's investor website.
Next financial publication :
-- Revenue for the 3rd quarter of 2024: October 24, 2024 (after market
close)
ABOUT GROUPE BERKEM
Founded in 1993 by Olivier Fahy, Chairman and Chief Executive Officer, Groupe Berkem is a leading force in the bio-based chemicals market. Its mission is to advance the environmental transition of companies producing the chemicals used in everyday life (Construction & Materials, Health, Beauty & Nutrition, Hygiene & Protection, and Industry). By harnessing its expertise in both plant extraction and innovative formulations, Groupe Berkem has developed bio-based boosters--unique high-quality bio-based solutions augmenting the performance of synthetic molecules. Groupe Berkem achieved revenue of EUR51.9 million in 2023. The Group has almost 250 employees working at its head office (Blanquefort, Gironde) and 5 production facilities in Gardonne (Dordogne), La Teste-de-Buch (Gironde), Chartres (Eure-et-Loir), Tonneins (Lot-et-Garonne) and Valence (Spain).
Groupe Berkem has been listed on Euronext Growth Paris since December 2021 (ISIN code: FR00140069V2 - ALKEM).
www.groupeberkem.com
(____________________________ 1) Simplified joint-stock company (RCS 928 791 813) with Kenercy as Chairman.
(2) Earnings Before Interest, Taxes, Depreciation and Amortization (EBITDA), corresponds to the operating cash flow generated by the Group, taking into account other operating income and other operating expenses, but excluding depreciation and amortization and the Group's financing policy.
View source version on businesswire.com: https://www.businesswire.com/news/home/20240926633210/en/
(END) Dow Jones Newswires
September 26, 2024 12:15 ET (16:15 GMT)
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