Carmat soars after saying it will meet 2024 production target

Carmat SA

05/12/2023 09:14

** Shares in Carmat  ALCAR.PA  jump 32% after the French
artificial heart maker said it will reach production capacity of
500 hearts per year as early as 2024, in line with its targets
    ** It also announces the opening of a new production
facility in Bois-D'Arcy, France
    ** Portzamparc analysts call the news "encouraging" as the
group confirmed one of its main objectives for the year
    ** The group secured a 7 million euro lifeline in October to
survive an imminent cash crunch, after it warned about problems
with its supply chain
    ** The stock has lost more than half of its value YTD

 (Reporting by Federica Mileo in Gdansk)
 ((Federica.mileo@thomsonreuters.com))