Passat 2024 Financial Results: Review and Outlook

Passat recorded revenue of €62.3 million in 2024, a decrease of 2.5% compared to the previous year. Operating profit amounted to €2.76 million, representing 4.4% of revenue, compared to 4.9% in 2023. Consolidated net profit reached €1.34 million, after taking into account the tax charge.

In France, which represents 87% of the business, sales decreased slightly to €54.3 million, with an operating profit of €1.47 million. In Southern Europe, a slight improvement was noted, with sales up to €1.7 million and an operating profit of €0.131 million. In the United States and Canada, sales decreased to €6.3 million.

Passat will not propose a dividend for 2024 due to economic uncertainties and international tensions. The focus will be on innovation and cost reduction going forward.