Prismaflex International, S.A. Reports Earnings Results for the Fourth Quarter and Full Year 2023
February 01, 2024 at 01:38 pm IST
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Prismaflex International, S.A. reported earnings results for the fourth quarter and full year 2023. For the quarter, the company reported sales was USD 29.6 million compared to USD 38.9 million a year ago. Net loss was USD 14.7 million compared to USD 7.1 million a year ago. Basic loss per share from continuing operations was USD 1.01 compared to USD 0.81 a year ago. Diluted loss per share from continuing operations was USD 1.01 compared to USD 0.81 a year ago.
For the full year, the company reported sales was USD 97.7 million compared to USD 198.9 million a year ago. Net loss was USD 67.8 million compared to net income of USD 1.5 million a year ago. Basic loss per share from continuing operations was USD 6.00 compared to earnings of USD 7 a year ago. Diluted loss per share from continuing operations was USD 6.00 compared to earnings of USD 7 a year ago.
Prismaflex International specializes in the manufacturing and marketing of street furniture and billboards for advertisers, municipal authorities and retail chain companies. The group also develops a large format printing activity. Net sales break down by activity as follows:
- large-format digital printing (65.1%; Print): production of printed media for advertising, sales promotion and decoration;
- sale of advertising displays and street furniture (34.9%; Hardware): Trivision billboards, scrolling panels, LED panels, classic frames and backlit frames, planimeters, bus shelters, display columns, etc.
With a strong international presence, Prismaflex International employs over 350 persons and has industrial operations in France, Spain, the United Kingdom, Sweden, Germany, Canada and South Africa through its subsidiaries.
Net sales are distributed geographically as follows: France (45.2%), the United Kingdom (6.2%), Spain (5.9%), Europe (14%), the United States (12.8%) and other (15.9%).