on CABASSE S.A. (isin : FR001400DIY6)
Cabasse: 2024 annual results and outlook
French high-fidelity audio company Cabasse has announced its results for 2024. Revenue reached €6.7 million, down 28% from 2023. This decline is linked to an unfavorable economic environment and the postponement of the launch of the new THE PEARL MYUKI loudspeaker.
Gross margin remained stable at 44%, while EBITDA plunged to -€1.2 million. Cabasse continues its cost-cutting efforts aimed at generating annual savings of €0.8 million by 2025.
Looking ahead, Cabasse is preparing to launch new products and pursuing a partnership with a major luxury brand. Financing through convertible bonds could support the company until the end of 2025, subject to successful debt rescheduling discussions.
R. H.
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