EMOVA GROUP - Business volume Q3 2023-24

Emova Group, France's leading retail network for plants and flowers, has announced its turnover for the third quarter of the 2023/2024 financial year. The company, under the brands Monceau Fleurs, Au Nom de la Rose, Happy and Cœur de Fleurs, posted a turnover of €100.4 million for the first nine months, down slightly from €101.9 million the previous year.

Sales performance in France over the nine months showed an increase of 1.5% compared to N-1, with a notable acceleration of 4% in the third quarter. However, international sales were down with a decrease of €2.9 million. The volume of business of branches also fell by 12.7%, offset by a growth of 4.3% of franchises.

The third quarter turnover amounted to €36.1 million, up 0.9% compared to N-1. In France, Mother's Day particularly contributed to this growth with a turnover of €4.6 million, up 6.6%.

The group's store network includes 299 points of sale at the end of June 2024, with a rationalization and conversion of branches into franchises. Emova Group confirms its financial and strategic objectives for the financial year, in particular the maintenance of profitability and the development of franchises.