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Baikowski®, a leading producer of speciality industrial minerals founded more than 100 years ago, has released its full-year financial results for 2023.
Benoît Grenot, CEO, said: “The full-year results achieved by Baikowski in 2023 highlight the outstanding resilience of our performance levels, despite the downturn in business linked to the general economic environment compared with 2022, which was a record year. Building on the robust fundamentals in place and the continued commitment and dedication of our teams, while celebrating 120 years of innovation in 2024, our Group is maintaining a favourable position on long-term cycles and continuing to develop buoyant projects, supporting the energy transition in particular”.
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2023 key developments
In a highly uncertain economic and geopolitical environment, Baikowski’s business was affected by the slowdown in demand in its main business segments and the deferral of certain orders versus a historically high basis for comparison in 2022.
In long-term markets driven by innovation, Baikowski continued rolling out its research and development (R&D) efforts, investing 8.1% of its revenue, with a view to diversifying its offering and enhancing its potential for future growth.
More information can be found here.
