(Finance) – The Group IRCEan operator in the sector of conductors for winding electrical machines and in the sector of electrical cables, closed the first half of 2024 with a useful of period of 4.84 million.
The sales consolidated was 208.41 million, down 4.8% compared to 218.96 million in the first half of 2023; reduction mainly due to lower volumes sold, only partly offset by the increase in the price of copper (the average LME price in Euros in the first half of 2024 was 4.5% higher than that of the same period in 2023).
There financial position Net working capital as of June 30, 2024 amounted to €54.41 million, up from €25.65 million as of December 31, 2023, mainly due to the increase in operating working capital and the investment in the Czech Republic.