on KUMULUS VAPE (EPA:ALVAP)
Consolidated turnover for the first half of 2024: 30.1 MEUR - Annual objective confirmed at 70 MEUR
Kumulus Vape (ISIN: FR0013419876 - Ticker: ALVAP), an e-retailer specializing in the sale of electronic cigarettes and associated products, announces consolidated turnover of 30.1 million euros for the first half of 2024.
The half-year performance reflects the solidity of the company despite an unstable global environment. This figure includes the results of the 14 own stores and 51 franchisees, as well as online activities. In 2023, the unconsolidated turnover for the same period was 29.5 million euros.
The BtoB segment represents 84.7% of revenues, generating 25.5 million euros. BtoC, down slightly, reached 2.4 million euros. The store network contributes 2.2 million euros, or 7.4% of the total.
Kumulus Vape maintains its €70 million target for 2024, supported by several positive factors, including seasonality and new franchises. Participation in the Losange show in October should also create new commercial opportunities.
R. P.
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