- ONGOING DISPOSAL OF ECOSLOPS PROVENCE
- REFOCUSING OF THE BUSINESS ON ECOSLOPS
- RENEWAL OF THE "EFFICIENT SOLUTION" LABEL BY THE SOLAR IMPULSE FOUNDATION
Turnover in M€ * | 2022 | 2023 | Var M€ | Var % |
Ecoslops Portugal | 14,4 | 10,3 | -4,1 | -28% |
Industrial equipments - Scarabox® | 0,3 | -0,3 | -100% | |
Total Turnover (at future perimeter) | 14,7 | 10,3 | -4,4 | - 30% |
Turnover of discontinued operations | 4,3 | 2,7 | -1,6 | -37% |
(Ecoslops Provence) | ||||
Total | 19,0 | 13,0 | -6,0 | - 32% |
* : unaudited figures |
In the Group's future configuration, following the disposal of Ecoslops Provence, turnover amounts to €10.3 million, down 30% compared with 2022, on a like-for-like basis.
Ongoing disposal of Ecoslops Provence
As previously announced, the two shareholders of Ecoslops Provence (
Ecoslops Portugal
Ecoslops Portugal turnover fell by 28%, from €14.4 million in 2022 to €10.3 million in 2023. Port Services sales rose by 14% to €2.4 million, while Refined Products sales fell to €7.9 million in 2023 from €12.3 million in 2022. This decline can be broken down into: -20% of volume effect, -19% of price effect (average Brent price having fallen from 94.3€/bbl in 2022 to 76.1€/bbl in 2023) and +3% of product mix effect. Over the period, the unit produced 20,071 tonnes of refined products (in line with the latest target communicated), compared with 24,509 tonnes in 2022, and sold 17,693 tonnes, compared with 22,165 tonnes the previous year. In 2024, Ecoslops Portugal forecasts production of 24,500 tonnes, representing sales of around €13 million (including port services) based on current prices (Brent at
Scarabox®
The Scarabox business is the mainstay of the Group's development. It responds to a recognized need to process used oils in an environmentally-friendly way. The local production of basic energy products through a circular process provides a sustainable outlet for this harmful waste. For
In 2024,
Cash position
At
Post closing of the Ecoslops Provence disposal, the Group's net debt will be reduced to 10.7 M€.
Corporate Social Responsibility
As a player in the circular economy,
The Group's commitment to continuous improvement is illustrated by the further rise in its 2023 ESG rating, which was derived from the Ethifinance ESG Campaign (formerly Gaïa Research) for the year 2022. The company confirms its performance, now ranked 24th/310 (vs. 39th/371 in the previous campaign) in the general panel, 10th/416 in the panel of companies with turnover of less than €150 million (vs. 14th/126 in the previous campaign) and 4th/272 in the industry panel (vs. 7th/76 for 2021).
In addition, the
Next appointment
Publication of 2023 annual results on
A PROPOS D’ECOSLOPS
Code ISIN : FR0011490648 - Mnémonique : ALESA / éligible PEA-PME.
Contact Relations investisseurs : info.esa@ecoslops.com - +33 (0)1 83 64 47 43
www.ecoslops.com
Attachment
- PR02feb24_Ecoslops 2023 turnoverndd
© OMX, source