Genexis Group presents the 2023 financial report
Genexis Group’s consolidated Net Sales for Q4 amounted to EUR 15.3 million (Q4 2022; EUR 23.7 million) and the consolidated Adjusted EBITDA of Q4 was EUR 0.7 million (EUR 1.9 million).Net sales Q4 2023 reflects the lower market activity throughout the year, being 36% below the same period last year.Even though Q4 came in low in revenue, the expected increase in activity in the market was visible with a historically high level on order intake totalling EUR 23 million for the quarter. “While certain customers still have high inventories contributing to lower demand for products, an