Cerinnov, a manufacturer of equipment for the ceramics and glass industries, jumped on the stock market this Friday after announcing a strong increase in its annual results in 2023.
Despite stable annual sales at 14.5 million euros due to delayed orders, the robotic engineering specialist posted a 26.3% increase in operating profit from ordinary activities (Ebitda) to 2.1 million euros.
This performance highlights an operating margin (Ebitda) of 14.5%, up 3.1 percentage points on 2022.
Operating income doubled last year, from 600,000 euros to 1.2 million euros.
At the same time, cash generation from operations stood at 1.4 million euros, a level slightly below that of 2022, but 2.6 times higher than 2021
Cerinnov - which says it has secured an order book of 7 million euros - stresses that it recently presented an AI solution dedicated to quality control of ceramic items.
The company also claims to have identified new opportunities in high-potential markets such as electric mobility and low-carbon energies.
Following this publication, the share price climbed by over 11% on Friday on the Paris Bourse, posting one of the strongest gains on the market. It is still down around 20% since the start of the year.
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Cerinnov Group specializes in the design, manufacturing and marketing of production and decorating machines for the ceramics and glass sectors. The activity is organized around three sectors:
- sale of machines and furnaces: cutting machines (casting, glazing, finishing machines, etc.), laser machines, decorating machines, refractory product and ceramics sintering furnaces, calcination and powder thermal processing furnaces, furnaces for decorating and glass baking, etc.;
- sale of consumables;
- services maintenance, renovation, repair, training services, etc.
Net sales break down by market between tableware (39.2%), technical ceramics (36.2%), sanitary ceramics (2.3%), aeronautics (1%), metallurgy (0.1%), and other (21.2%).
Net sales are distributed geographically as follows: France (61.7%), Europe (17.3%), Asia (16%), Americas (1.7%), Africa (0.6%) and Middle East (2.7%).
CERINNOV GROUP 
