on ARCHOS (EPA:ALJXR)
ARCHOS: 90% growth in turnover and return to profitability
The ARCHOS group (ISIN code: FR001400KO61 ALJXR) announces a turnover of €16.5 million for the first half of 2024, an increase of 90% compared to 2023. This performance is mainly due to the successful integration of Elexo in Logic Instrument.
The gross margin reached €4.5 million, compared to €2.4 million the previous year. Operating profit increased to €0.4M, confirming a return to profitability. The net result amounts to €0.6M after exceptional items.
Among the salient points, ARCHOS notes an improvement in equity of €3.4M and stable cash flow. Diversification into medical devices and consumer electronics is also expected to support growth.
R. P.
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