Florentaise: 2023-2024 Review and Adaptation Strategies

Florentaise, a pioneer in low-carbon soils, has published its consolidated financial statements for the 2023-2024 fiscal year, showing an increase in revenue to €66.7 million, an increase of 23.7%. This growth was primarily driven by sales in China and a notable increase in BIVIS activity. Despite these results, the group faces uncertainties regarding its going concern, making it impossible to certify its accounts.

To address ongoing financial difficulties, a job protection plan has been initiated, involving 53 layoffs and a reorganization across three sites instead of six. At the same time, Florentaise plans to create 12 new positions.

Ultimately, despite an improvement in operating profit, the group's net profit remains balanced, illustrating the ongoing challenges it faces.