(News Bulletin 247) – METabolic Explorer published its financial information for the 1st quarter of 2023 yesterday. At the end of March 2023, the Group’s consolidated revenue stood at 32.2 ME, including 19.9 ME sales of specialty products and €12.3 million from commodity sales.
The level of turnover for the 1st quarter of 2023 ‘is an extension of the production adjustment measures implemented at the end of the 2022 financial year’, specifies the company.
Compared to sales in the fourth quarter of 2022, the specialty business increased by €3 million with volumes up by +16%. In this first quarter of activity, specialty sales represent 62% of Group sales.
Revenue from commodities was down €13m compared to the fourth quarter of 2022, i.e. a 50% drop in volumes sold. In this segment, METEX’s activity was impacted by pressure on prices and a delayed Chinese economic recovery.
The Group recalls that the securing of its financing plan enabled it to commit during the first quarter of 2023 to the investments planned in its transformation plan. As a reminder, these investments should enable the Group to strengthen its production capacities for specialty amino acids and improve its energy performance.
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