on MG INTERNATIONAL (EPA:ALMGI)
MG International to see decline in revenue and earnings in H1 2025
MG International, a major player in swimming pool equipment, recorded a 24% drop in revenue in the first half of 2025, reaching €33.8 million. This decline comes as the market has declined for the third consecutive year, exacerbated by increased competition in the robot sector.
Although the company managed to reduce its operating expenses by 15% compared to 2024, its operating profit fell by 60% to just €1.2 million. Net profit followed suit, falling by 58% to €1.1 million.
Public swimming pool activity remains stable, with €2 million invoiced. However, the company expects the downward trend to continue thereafter.
R. E.
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