Cerinnov, a manufacturer of equipment for the ceramics and glass industries, jumped on the stock market this Friday after announcing a strong increase in its annual results in 2023.

Despite stable annual sales at 14.5 million euros due to delayed orders, the robotic engineering specialist posted a 26.3% increase in operating profit from ordinary activities (Ebitda) to 2.1 million euros.

This performance highlights an operating margin (Ebitda) of 14.5%, up 3.1 percentage points on 2022.

Operating income doubled last year, from 600,000 euros to 1.2 million euros.

At the same time, cash generation from operations stood at 1.4 million euros, a level slightly below that of 2022, but 2.6 times higher than 2021

Cerinnov - which says it has secured an order book of 7 million euros - stresses that it recently presented an AI solution dedicated to quality control of ceramic items.

The company also claims to have identified new opportunities in high-potential markets such as electric mobility and low-carbon energies.

Following this publication, the share price climbed by over 11% on Friday on the Paris Bourse, posting one of the strongest gains on the market. It is still down around 20% since the start of the year.

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