SergeFerrari Group Posts Q3 2023 Revenues of €73 Million

Regulatory News:

SergeFerrari Group (FR0011950682 - SEFER), a leading global supplier of innovative flexible composite materials, listed on Euronext Paris – Compartment C, today announced its revenues for Q3 2023 and as of September 30, 2023.

Revenue breakdown by region (unaudited)

(€ thousands)	Q3 2023	Q3 2022	Ch. at current scope and exchange rates	Ch. at constant scope and exchange rates	At 30 Sep. 2023	At 30 Sep. 2022	Ch. at current scope and exchange rates	Ch. at constant scope and exchange rates
Europe	49,279	53,991	-8.7%	-17.5%	179,384	181,402	-1.1%	-9.9%
Americas	8,681	10,854	-20.0%	-18.0%	28,810	27,934	3.1%	3.0%
Asia - Africa - Pacific	15,077	14,831	1.7%	8.2%	40,391	40,380	0.0%	4.5%
Total revenues	73,036	79,676	-8.3%	-12.8%	248,584	249,716	-0.5%	-6.1%

Sébastien Baril, Chairman of the SergeFerrari Group Executive Board, comments: " During the 3^rd quarter of 2023, we note that our markets in Europe remained under severe pressure, with a negative impact on our historical businesses. On the other hand, we are maintaining solid growth in our Solutions businesses, mainly linked to Biogas, driven by dynamic markets and a positioning strengthened by our latest acquisition, Markleen in 2023. The success of this targeted acquisition policy confirms our growth prospects in this segment. We have therefore decided to establish a partnership in India through the creation of Biomembrane Systems India Pvt Ltd, in order to gain a foothold in this fast-growing market.”