Kumulus Vape Achieves Remarkable Growth in 2023

Kumulus Vape, a major player in the sale of electronic cigarettes and related products, has published its results for the 2023 financial year, showing significant growth in its financial performance. Recording a turnover of €60 million, the company experienced an increase of 8% compared to the previous year. This positive result is the result of a strategy of consolidation and innovation, notably reinforced by the acquisition of Cigaverte.

The financial structure of Kumulus Vape also showed a clear improvement, with a gross margin increasing by 21%, and an increase in all its components: EBITDA, operating income, current income and net income showing respectively 18%, 17% , 17% and 14% growth. This progress demonstrates the effectiveness of management and the relevance of the business strategy.

The success of Kumulus Vape is also based on significant operational rationalization work, as shown by the significant reduction in inventory and improvement in cash flow. These solid financial results allow the company to aim for an ambitious target of €70 million in turnover for 2024.

With average annual growth of 64% since 2017, Kumulus Vape is looking to the future with confidence, relying on the development of its physical network and the strengthening of its own brands. The next, highly anticipated financial report should corroborate this positive dynamic.