Novem Group S.A. Reports Strong Profit Margin Amid Challenging HY 2023/24 Landscape

• Novem Group S.A. reported HY 2023/24 revenue of €347.1 million, a decrease of 3.4% compared to HY 2022/23.
• The company's adjusted EBIT for the period was €38.0 million, 8.4% lower than the previous year.
• Novem's free cash flow for HY 2023/24 was €33.5 million, significantly higher than the previous year by €13.1 million.
• Revenue in Q2 2023/24 decreased in Europe and Asia, but increased in the Americas.
• The company's free cash flow for Q2 2023/24 was €22.3 million, roughly equivalent to the previous year, contributing to a total free cash flow of €33.5 million for HY 2023/24.
• As of 30 September 2023, Novem's total working capital was €136.3 million, 12.8% lower than the previous year.

The next important date, Quarterly report, at Novem Group is on 29.11.2023.

Novem Group

+0,34 %

+3,56 %

-1,36 %

-3,96 %

-37,42 %

-64,73 %

-64,73 %

-64,73 %

-64,35 %

ISIN:LU2356314745WKN:A3CSWZ

• Intraday
• 5 Tage
• 1 Monat
• 3M
• 1 Jahr
• 3J
• 5J
• 10J
• Max