MANNESMANN PRECISION TUBES FRANCE : revenue, balance sheet and financial ratios

MANNESMANN PRECISION TUBES FRANCE is a French company founded 62 years ago, specialized in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier . Based in CHEU (89600), this company of category ETI shows in 2023 a revenue of 142.8 M€. Find below the complete financial statements, solvency ratios, working capital requirements and sector comparison.

Data updated on 2026-05-09

Sources : INPI & INSEE SIRENE - Processing : Ministry of Economy

Financial history - MANNESMANN PRECISION TUBES FRANCE (SIREN 426420162)
Indicator 2023 2022 2021 2020 2019 2018 2017 2016
Revenue 142 816 000 € 142 816 000 € 104 548 000 € 82 711 000 € 119 783 000 € 138 235 000 € 133 541 000 € 120 460 000 €
Net income -4 604 000 € -4 604 000 € 422 000 € -32 431 000 € -1 640 000 € 9 858 000 € -12 732 000 € 790 000 €
EBITDA -132 000 € -1 402 000 € -5 739 000 € -10 996 000 € -4 929 000 € 1 276 000 € -4 441 000 € -2 649 000 €
Net margin -3.2% -3.2% 0.4% -39.2% -1.4% 7.1% -9.5% 0.7%

Revenue and income statement

In 2023, MANNESMANN PRECISION TUBES FRANCE achieves revenue of 142.8 M€. Revenue is growing positively over 8 years (CAGR: +2.5%). Slight decline of 0% vs 2022. After deducting consumption (89.2 M€), gross margin stands at 53.6 M€, i.e. a rate of 38%. This ratio measures the ability to generate value from commercial activity. EBITDA (= Gross margin - Personnel expenses - Taxes) reaches -132 k€, representing -0.1% of revenue. Negative EBITDA means operations do not cover current expenses: concerning situation. Net income is negative at -4.6 M€ (-3.2% of revenue), which will impact equity.

Revenue (2023) ?
Revenue
Definition
Total amount of sales of goods and services made by the company.
Formula
Sales of goods + Sold production

142 816 000 €

Gross margin (2023) ?
Gross margin
Definition
Difference between revenue and cost of goods sold.
Formula
Revenue - Cost of goods consumed

53 581 000 €

EBITDA (2023) ?
Gross Operating Surplus (EBITDA)
Definition
Resources generated by current operations, before depreciation and financial expenses.
Formula
Value added - Personnel expenses - Taxes
Interpretation
Positive = profitable activity

-132 000 €

EBIT (2023) ?
EBIT (Operating Income)
Definition
Operating income, including depreciation and provisions.
Formula
EBITDA - Depreciation and provisions + Reversals

-7 268 000 €

Net income (2023) ?
Net income
Definition
Profit or loss after all expenses, including taxes and exceptional items.
Formula
Current income + Exceptional income - Income tax

-4 604 000 €

EBITDA margin (2023) ?
EBITDA margin
Definition
Measures the company's operating profitability.
Formula
(EBE / CA) x 100
Interpretation
> 10% : Good profitability
5-10% : Average
< 5% : Low

-0.1%

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Assets

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Liabilities

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Solvency and debt ratios

The debt ratio (= Financial debt / Equity x 100) stands at 1282%. Critical situation: debt significantly exceeds equity, severely limiting borrowing capacity and exposing the company to default risk. Financial autonomy (= Equity / Total assets x 100) reaches 5%. Low autonomy: the company heavily depends on external financing (banks, suppliers).

Debt ratio (2023) ?
Debt ratio
Definition
Measures the proportion of debt to equity.
Formula
(Financial debt / Equity) x 100
Interpretation
< 50% : Low
50-100% : Moderate
> 100% : High

1281.861%

Financial autonomy (2023) ?
Financial autonomy
Definition
Share of equity in the company's total financing.
Formula
(Equity / Total assets) x 100
Interpretation
> 30% : Good autonomy
20-30% : Average
< 20% : Low

4.872%

Cash flow / Revenue (2023) ?
Cash flow / Revenue
Definition
Self-financing capacity relative to revenue.
Formula
(CAF / CA) x 100
Interpretation
The higher the ratio, the more cash the company generates

-0.037%

Repayment capacity (2023) ?
Repayment capacity
Definition
Number of years needed to repay debts with cash flow.
Formula
Financial debt / Cash flow
Interpretation
< 3 years : Excellent
3-5 years : Fair
> 5 years : Warning

-899.4

Asset age ratio (2023) ?
Asset age ratio
Definition
Measures the degree of wear of tangible assets.
Formula
Accumulated depreciation / Gross fixed assets x 100
Interpretation
< 50% : Recent assets
50-70% : Normal wear
> 70% : Aging assets

14.9%

Solvency indicators evolution
MANNESMANN PRECISION TUBES FRANCE

Sector positioning

Debt ratio
1281.86 2023
2021
2022
2023
Q1: 0.24
Med: 17.86
Q3: 56.52
Watch

In 2023, the debt ratio of MANNESMANN PRECISION TUBE... (1281.86) ranks in the top 25% of the sector. This ratio measures the weight of debt relative to equity. A high ratio may indicate excessive dependence on external financing.

Financial autonomy
4.87% 2023
2021
2022
2023
Q1: 18.12%
Med: 41.93%
Q3: 60.26%
Watch

In 2023, the financial autonomy of MANNESMANN PRECISION TUBE... (4.9%) ranks in the bottom 25% of the sector. This ratio represents the share of equity in total financing. Low autonomy may limit investment capacity and increase vulnerability.

Repayment capacity
-899.4 years 2023
2021
2022
2023
Q1: -0.0 years
Med: 0.02 years
Q3: 1.22 years
Excellent -22 pts over 3 years

In 2023, the repayment capacity of MANNESMANN PRECISION TUBE... (-899.40) ranks in the bottom 25% of the sector, which is positive. This ratio indicates the number of years needed to repay debt with cash flow. A short capacity reflects controlled debt and good cash generation.

Liquidity ratios

The liquidity ratio (= Current assets / Current liabilities) stands at 286.30. Concretely, the company has €2 of liquid assets for every €1 of short-term debt: no cash risk within 12 months.

Liquidity ratio (2023) ?
Liquidity ratio
Definition
Ability to meet short-term debts with current assets.
Formula
Current assets / Current liabilities
Interpretation
> 1.5 : Very good
1-1.5 : Fair
< 1 : Liquidity risk

286.295

Interest coverage (2023) ?
Interest coverage
Definition
Ability to cover interest charges with operating income.
Formula
EBIT / Interest expenses
Interpretation
> 3 : Comfortable
1.5-3 : Acceptable
< 1.5 : Risk

-882.576

Liquidity indicators evolution
MANNESMANN PRECISION TUBES FRANCE

Sector positioning

Liquidity ratio
286.3 2023
2021
2022
2023
Q1: 142.9
Med: 213.94
Q3: 297.73
Good

In 2023, the liquidity ratio of MANNESMANN PRECISION TUBE... (286.30) ranks above the median of the sector. This ratio measures the ability to cover short-term debt with current assets. This comfortable position offers an appreciable safety margin.

Interest coverage
-882.58x 2023
2021
2022
2023
Q1: -3.62x
Med: 0.08x
Q3: 3.8x
Watch -6 pts over 3 years

In 2023, the interest coverage of MANNESMANN PRECISION TUBE... (-882.6x) ranks in the bottom 25% of the sector. This ratio indicates how many times operating income covers interest expenses. Low coverage may indicate fragility to rate or income variations.

Working capital requirement (WCR) and payment terms

Working capital requirement (WCR) measures the cash timing gap between customer collections and supplier/inventory payments. Average customer payment term: 52 days (formula: Customer receivables / Revenue incl. VAT x 360). Supplier term: 33 days. The company must finance 19 days of gap between collections and payments. Inventory turnover is 66 days (= Average inventory / Cost of goods x 360). Overall, WCR represents 101 days of revenue, i.e. 40.0 M€ to permanently finance.

Operating WCR (2023) ?
Operating WCR
Definition
Financing requirement generated by the operating cycle (inventory + receivables - trade payables).
Formula
Inventory + Customer receivables - Trade payables
Interpretation
Negative = cash released
Positive = financing needed

40 038 466 €

Customer credit (2023) ?
Customer credit (days)
Definition
Average payment term granted to customers.
Formula
(Customer receivables / Revenue incl. VAT) x 360
Interpretation
< 45j : Good
45-60j : Average
> 60j : Long

52 j

Supplier credit (2023) ?
Supplier credit (days)
Definition
Average payment term obtained from suppliers.
Formula
(Trade payables / Purchases incl. VAT) x 360
Interpretation
The longer the term, the better for cash flow

33 j

Inventory turnover (2023) ?
Inventory turnover (days)
Definition
Average storage duration for goods or materials.
Formula
(Inventory / Cost of goods) x 360
Interpretation
The lower the ratio, the faster the turnover

66 j

WCR in days of revenue (2023) ?
WCR in days of revenue
Definition
Expresses working capital requirement in days of revenue.
Formula
(Operating WCR / Revenue) x 360
Interpretation
The fewer days, the better the working capital management

101 j

WCR and payment terms evolution
MANNESMANN PRECISION TUBES FRANCE

Positioning of MANNESMANN PRECISION TUBES FRANCE in its sector

Comparison with sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Similar companies (Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier )

Compare MANNESMANN PRECISION TUBES FRANCE with other companies in the same sector:

Voir toutes les statistiques du secteur Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier

Frequently asked questions about MANNESMANN PRECISION TUBES FRANCE

What is the revenue of MANNESMANN PRECISION TUBES FRANCE ?

The revenue of MANNESMANN PRECISION TUBES FRANCE in 2023 is 142.8 M€.

Is MANNESMANN PRECISION TUBES FRANCE profitable?

MANNESMANN PRECISION TUBES FRANCE recorded a net loss in 2023.

Where is the headquarters of MANNESMANN PRECISION TUBES FRANCE ?

The headquarters of MANNESMANN PRECISION TUBES FRANCE is located in CHEU (89600), in the department Yonne.

Where to find the tax return of MANNESMANN PRECISION TUBES FRANCE ?

The tax return of MANNESMANN PRECISION TUBES FRANCE is available on this page. Click on a year in the 'Data by year' section to view the account details (assets, liabilities, income statement). Data comes from INPI (National Institute of Industrial Property).

In which sector does MANNESMANN PRECISION TUBES FRANCE operate?

MANNESMANN PRECISION TUBES FRANCE operates in the sector Fabrication de tubes, tuyaux, profilés creux et accessoires correspondants en acier (NAF code 24.20Z). See the 'Sector positioning' section above to compare the company with its competitors.