Clabo closes the first half of 2021 with consolidated revenues up by 47.8% to 25.7 million euros due to the post-pandemic recovery of activity. The 3 production units of the group have resumed at full capacity and in particular the US plant in Philadelphia has an order book of approximately 18 working weeks compared to the standard 4-5 weeks.
Clabo confirms the net improvement in the gross operating margin (3.8 million vs -3.6 million) as a result of the industrial efficiency obtained thanks to the investments in new plants and equipment in the Jesi and Philadelphia plants, as well as the strong containment action of overhead costs on all 3 production units of the group.
The NFP is equal to -37.6 million, a decrease compared to the -38.1 million of March 31st, despite the increase in the NWC resulting from the growth in the level of activity and the need to increase the level of raw materials avoid stock outages in a highly critical context in finding them on the procurement markets.
The order book has an average margin of 37.5%, in line with that of previous periods. Order collection is particularly good in North America and at good levels in Europe. The Asian continent is still affected by the blockages due to the restrictive measures imposed on work activities by various countries aimed at containing the pandemic.