(Finance) – ICF – Forestry Chemical Industries reported in the 1st quarter a sales of 19.5 million euros compared to 21 million in the 1st quarter of 2023. The diversification of the markets, with growth in the automotive, packaging and industrial applications sectors has allowed the Company to contain the slowdown in the footwear and leather goods sectors. Furthermore, the positive performance of water-based and solvent-free products is highlighted, which represent over 60% of the volumes of adhesives sold.
EBITDA remains stable compared to the same period of the previous year to 2.1 million euro with an improvement in margin which stands at 10.8% compared to 10.0% in 2023.
Regarding thenet financial debt ICF recorded an improvement compared to 31 December 2023, recording a value of 10.3 million (10.9 million at 31/12/2023).