BOGART: Results down in the first half of 2025

The BOGART Group experienced a challenging first half of 2025, influenced by a tense economic and geopolitical climate. Revenue fell 8.6%, from €134.0 million in 2024 to €122.6 million in 2025. The closure of 23 stores in France, Belgium, and Germany marked a restructuring strategy aimed at countering losses. Lower sales, particularly in key markets such as the United States, and tax decisions contributed to EBITDA falling by €10.4 million compared to €17.2 million the previous year.

Operating income shows a loss of €8.5 million at the end of June 2025, mainly due to higher allocations and provisions. Financial losses also worsen, reaching €6.0 million due to foreign exchange losses and high rental interest. As of June 30, 2025, net income shows a loss of €14.6 million. For the second half of the year, BOGART expects improved sales thanks to order deferrals and new product launches.