Damartex faces economic challenges in the first half of the 2023/2024 financial year

Damartex published its results for the first half of the 2023/2024 financial year, marked by a drop in turnover and operational results. The turnover amounted to 292.9 million euros, a reduction of 11.6% compared to the previous period. Operating EBITDA also fell to €4.9 million, down 57.8%.

Each division of the company's business has experienced declines in its results. The “Fashion” sector decreased by 9.9%, “Home & Lifestyle” decreased by 14.8%, and the “Healthcare” sector declined by 22.4%. Damartex attributes these performances to a difficult economic environment and a strategic refocusing on profitability, in particular through the reduction of fixed costs.

Despite these mixed results, Damartex continues to implement its strategic plan DARE.ACT.IMPACT.2026, aiming in particular to improve inventory management, optimize marketing expenses and modernize the image of its brands. The company highlights progress in improving the customer experience and CSR commitment.

Financially, the company reports a net financial position of -€90.7 million at the end of December 2023, resulting in part from its efforts to adjust its inventories in the face of evolving demand. Looking ahead, Damartex remains focused on optimizing its costs and creating value despite an uncertain economic context.