COGELEC Reports 13.1% Growth in Q3 2024 Revenue

COGELEC, the leading French access control system provider, announced a 13.1% increase in revenue for Q3 2024, reaching €17.4 million compared to the same period in 2023. This growth marks continued robust performance, with total revenue for the first nine months of 2024 rising 12.7% to €54.1 million.

The Intratone brand has been pivotal, sustaining growth in GSM intercom systems across France and Europe. Subscriptions increased by 18.3% in Q3, contributing to a recurring revenue of 31.9% of the Group’s total. In France, revenue grew by 12.0%, while European markets (excluding France) saw a 20.1% rise, reinforcing COGELEC's market position.

With over 2.3 million homes served, COGELEC confirms its goal of double-digit annual growth and improved profitability, anticipating sustained momentum and an enhanced product mix in the coming years.