Composite fabrics manufacturer SergeFerrari Group has forecast net income (group share) of 4.7 million euros for 2023, compared with 15.5 million in 2022, as well as REBIT of 11.3 million, compared with 26.5 million the previous year.

The Group posted sales of 327.6 million euros over the past year, down 3.3% on a reported basis and 6.8% on a like-for-like basis, impacted by the contraction of its historical markets in Europe.

At the Annual General Meeting on May 16, he will propose a dividend of 0.12 euro per share for 2023, payable in July. In addition, Philippe Brun, member of the Management Board, has retired and will step down from his operational functions on March 31.

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