Poujoulat SA (FR:ALPJT) has released an update.
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Poujoulat Group reported a 12.4% decrease in turnover for the 2023/2024 fiscal year due to challenges in the European chimney flue market and falling pellet prices, despite maintaining market leadership. The company saw a downturn in its chimney flues and industrial chimneys branch by 15.9% and a 7.3% decline in wood energy turnover, attributed to a drop in pellet fuel costs. However, Poujoulat Group’s financial structure remains solid with stable margins and a robust balance sheet, poised for gradual stock normalization in the following fiscal year.
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