Report
Jeremy Garnier

Hoffmann Green : FY 2023 sales beat expectations, good sales momentum

>FY 2023 sales up by 2.7x to € 6m (vs € 4.6m est) - Hoffmann Green published this morning FY 2023 sales of € 6m, up 2.7x compared to 2022. Sales are therefore higher than our expectations of € 4.6m (management guidance of € 4.5m). The difference with our estimate is due to the recording of a € 2m upfront fee under the licensing agreement signed with the Saudi group Shurfah. Cement sales amounted to € 4m over the year, i.e. 21,378 tonnes sold (+78%) at an average sell...
Underlying
Hoffmann Green Cement Technologies SA

Hoffmann Green Cement Technologies SAS. Hoffmann Green Cement Technologies SAS is a France-based company, which manufactures cements. The Company mainly manufactures decarbonated cements for construction. Hoffmann Green Cement Technologies SAS is involved in the energy and ecological transition by manufacturing low carbon eco-materials.

Provider
Oddo BHF
Oddo BHF

​Oddo Securities provides securities brokerage and research services. The company offers equity, economic, and derivatives research and credit analysis services. It focuses on insurance, automotive, building materials, pharmaceuticals, telecommunications, information technology, and agri-food industries.

Analysts
Jeremy Garnier

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