Operating losses increasing faster than expected
H1 operating losses were EUR20m vs -EUR15m expected. RandD expenses were up 43% with headcount expanding. Sales and Marketing expenses were up 87% with Carbios now in a position to address all key geographies. Finally, GandA was up 46% due the rollout of a new enterprise resource planning (ERP) software. Net income was -EUR18m and the gross cash position at the end of H1 was EUR144m, down from EUR192m the year before.
Longlaville plant construct ....

03 Oct 2024
Lack of newsflow on factory funding impacts sentiment

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Lack of newsflow on factory funding impacts sentiment
- Published:
03 Oct 2024 -
Author:
Gelebart Laurent LG -
Pages:
9 -
Operating losses increasing faster than expected
H1 operating losses were EUR20m vs -EUR15m expected. RandD expenses were up 43% with headcount expanding. Sales and Marketing expenses were up 87% with Carbios now in a position to address all key geographies. Finally, GandA was up 46% due the rollout of a new enterprise resource planning (ERP) software. Net income was -EUR18m and the gross cash position at the end of H1 was EUR144m, down from EUR192m the year before.
Longlaville plant construct ....