Cogra has reported a 39% increase in net income to 4.09 million euros for its 2022-23 financial year, with EBITDA margin improving by 0.8 points to 16.5%, exceeding its annual target of at least 15%.

The wood-energy specialist reported a 22% increase in sales to 51.2 million euros, having 'benefited from the full potential of its three production sites and good management of its inventories and supplies'.

On the strength of its good commercial and economic performance, Cogra says it is 'approaching this financial year with confidence, and has the room to maneuver to adapt to the inflationary economic context'.

Copyright (c) 2023 CercleFinance.com. All rights reserved.