Carbios : Unsurprising 2023 earnings – Pending the first licence signatures
>Underlying operating profit at -€ 29.3m and attributable net result -€ 27.2m. Net cash at € 143m at end-2023 - This morning, Carbios published full-year 2023 results broadly in line with our forecasts. With the logical absence of sales at this stage, operating loss stood at € 28.9m (vs € 26.3m) after factoring in the following operating costs: i/ net R&D costs of € 11m (vs € 13m in 2022); ii/ commercial & marketing costs of € 5.8m (vs € 4.4m in 2022), up due to the ...Carbios SA, formerly Carbios SASU, is a France-based company engaged in green chemistry that focuses on discovering and developing enzymatic bioprocesses applied to plastic and textile polymers. The Company creates a new generation of fully biodegradable plastics with a controlled lifespan, a process enabling infinite biorecycling of plastic waste (PET) and a new biological pathway for the production of competitive biosourced polymers.
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.
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