Cogra 48 SA Faces Turnover Decline Amid Market Challenges

Cogra 48 SA (FR:ALCOG) has released an update.

Cogra 48 SA reported a 24% decline in annual turnover for fiscal year 2023/24, amounting to €39 million, amidst a challenging market with a decrease in heating consumption and falling wood pellet prices. Despite the downturn, the company remains resilient with a flexible production system, significant storage capacities, and a loyal customer base. A more detailed outlook is expected with the annual results on September 9, 2024.

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