Ekinops: net income down 70% in 2023

(CercleFinance.com) - Ekinops reports a 70% drop in net income to 3.
6 million euros for 2023, as well as an EBITDA down 18% to 18.6 million, representing a margin down 3.3 points to 14.4% on sales up 1% to 129.1 million.

The company reports that it has maintained most of its investments (net increase of +47 employees over the year, trade shows and business travel, equipment dedicated to R&D) in order to prepare for future growth.

In view of current visibility and the still uncertain timing of economic recovery at this stage of the year, the network connectivity solutions provider is not formulating financial targets for 2024.

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