Exacompta Clairefontaine SA (FR:ALEXA) has released an update.
Exacompta Clairefontaine SA reports a decrease in operating and net income in the first half of 2024 compared to the previous year, with lower paper sales in Europe and reduced margins due to increased pulp prices and unfavorable energy contracts. Despite a challenging market, the company has seen a slight uptick in paper production and is hopeful for improved performance in the second half of the year, although overall operating results are expected to be substantially lower than in 2023. The company’s financial position includes a gross financial debt of €213,058K, with a net debt of €103,519K after accounting for new credit lines and a cash position of €109,539K as of June 30, 2024.
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