Finance

This performance confirms our robust, longterm business model, which is fit for today’s needs and based on two main areas:

• Manufacturing flue systems and industrial chimneys. Despite the health and geopolitical crises that continue to affect our economies, this sector has grown by more than 50% in the last three years. This growth has been accompanied by a return to profitability in line with, and even slightly above, our own targets.
• Manufacturing and marketing high-quality biofuels (logs, pellets, fire lighters, etc). This sector has more than doubled over the past 2 years. Our products meet the challenges of energy efficiency and air quality, contributing to the development of the wood fuels sector. The massive investments made over the past 10 years are bearing fruit, and our wood fuels branch is now achieving a good level of profitability.

With a growth of 33%, the Poujoulat Group has exceeded the €400 million mark and is entering a new dimension. Of course, some of this growth is due to the sudden and sharp rise in prices. In this respect, we have made every effort to be transparent with our customers regarding our price increases. Moving forward, we intend to be particularly vigilant in limiting the impact of the many additional costs arising from energy prices, transport costs and wage increases.
This 2022/2023 financial year has also allowed us to reaffirm our commitments in terms of job creation, apprenticeship development and extra-financial aspects. With regards to the latter, we have launched a major plan to reduce the environmental impact of our energy supplies, even though we have already done a lot in this area. As a European leader, we have a responsibility to follow the recommendations we make to the market. We are therefore committed to the principle of high energy efficiency in our facilities and the extensive use of renewable energy (wood heating, solar power, biogas, etc.). This is a commitment to the country’s energy transition, as well as a competitive challenge. We are also committed to integrating eco-design into the development of our products, and we sort and recycle as much waste as possible to limit the impact of our activities. The Poujoulat Group is also involved in the communities in which it operates through sponsorship and patronage, supporting education, sport, culture, biodiversity and charitable initiatives. Our economic fundamentals remain strong, despite the impact of the crises we are confronted with. While the new-build sector is suffering, the energy renovation sector remains dynamic and The Poujoulat Group’s ambition is to look ahead with determination, methodology and perseverance. we are seeing increased industrial investment in our country and, more generally, across Europe.
High energy prices and regulatory changes are forcing individual and industrial consumers to change their energy consumption habits. Biomass is, in many cases, a universal and competitive energy solution that contributes to a more diversified energy mix. It also supports electricity grids, which are under increasing pressure from the growing number of products that now run on electricity. The Poujoulat Group is a forward-looking company. Its ambition is to look ahead with determination, methodology and perseverance. And we have a resolutely ambitious vision for 2026. We will continue to invest in production, the key to our success, and accelerate our international expansion.
We will remain committed to our main activities, while increasing our diversification to ensure our stability. Finally, we will focus even more on innovation, which is at the heart of the group’s DNA.
Over the next 3 years we aim to achieve a turnover of €600 million, i.e. growth of 50%, while maintaining a good level of profitability.

I believe we can achieve these goals thanks to the commitment of our teams, and I would like to thank them for their dedication, professionalism and responsiveness. The Group is also proud to be able to rely on all of its partners, of which you’re a part of. And we are truly grateful.

Let’s continue the Poujoulat adventure together!

Find out more