EQS-News: Veganz Group AG: VEGANZ WITH SIGNIFICANTLY IMPROVED EARNINGS IN FIRST HALF OF 2023
The gross profit margin of Veganz Group AG continued to rise to 33.8 percent (prior year: 28.1 percent) in the first half of 2023, due mainly to an improved product mix and optimisation of the customer portfolio.
- The gross profit margin of Veganz Group AG continued to rise to 33.8 percent (prior year: 28.1 percent) in the first half of 2023, due mainly to an improved product mix and optimisation of the customer portfolio.
- Net liquidity as of 30 June 2023 amounted to minus EUR 2.7 million (prior year: EUR 0.4 million).
- Excluding the bond and crowdfunding, net liquidity amounted to EUR 9.0 million (prior year: EUR 12.3 million).
- In the first half of 2023, Veganz began operations at its new facility in Ludwigsfelde and launched production of its new and innovative plant-based milk alternatives, Mililk®, using the patented 2D printing process.