on CAFOM (EPA:CAFO)
2023-2024 half-year results of the CAFOM Group
The CAFOM Group, specializing in home equipment in Europe and Overseas, unveils its half-year results for 2024. Turnover reached 215.1 million euros, up 3% compared to last year. 'last year. The gross margin increased by 7.4 million euros to stand at 108.9 million euros.
This increase is supported by the performance of the Continental Europe e-Commerce division, whose turnover jumped by 11.6%, reaching 90.2 million euros. The group's net profit amounted to 9.5 million euros, an increase compared to 7.1 million euros the previous year.
The Overseas division recorded a slight drop in its turnover to 125 million euros, but maintained good control of its costs. Three stores in New Caledonia are temporarily inoperable following events in May 2024.
In financial terms, the group's net debt improved, going from 17.9 million euros to 10.5 million euros. The CAFOM group anticipates an impact on the accounts for the second half due to the problems in New Caledonia.
R. H.
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