LDLC 2023-2024 annual results: stability and growth prospects

The LDLC group announced a turnover of €571.5 million for the 2023-2024 financial year, a slight increase of 0.7%. The gross margin also increased by 0.7 points, reaching 21.5%, in line with group standards despite a difficult economic environment. The consolidated net result stands at -€0.2 million.

The BtoC division recorded a 2.9% increase in turnover, driven by the standardization of high-tech equipment and the expansion of the store network. On the other hand, BtoB turnover fell by 3.8%, impacted by an unstable macroeconomic context.

The group maintained a healthy financial situation, with a net cash position of -€3.6 million. In addition, LDLC announced the acquisition of the Rue du Commerce business to expand its customer base and increase its notoriety.

Despite the challenges, the group is counting on an upcoming recovery, supported by innovation and the renewal of high-tech products. A dividend of €0.40 per share will be proposed at the General Meeting of September 27, 2024.