Faron’s Financial Statement Release January 1 to December 31, 2023
As at March 13, 2024, the Company is in compliance with all IPF financial covenants as agreed with the waiver letter.
- As at March 13, 2024, the Company is in compliance with all IPF financial covenants as agreed with the waiver letter.
- Loss for the period for the financial year ended December 31, 2023, was EUR 30,9 million (2022: EUR 28,7 million).
- In June 2023, Faron conducted a placement of 2,601,510 newly issued treasury shares to investors to raise EUR 6,6 million gross.
- In October 2023, the Company successfully raised EUR 7,1 million gross through the issuance of 2,491,998 ordinary shares to investors.