on PASSAT (EPA:PSAT)
Passat: Sales down for 2024
The Passat Group reports a turnover of €62.3 million for the year 2024, compared to €63.96 million in 2023, marking an overall decrease of 2.6%. In France, which represents 87.2% of the activity, the turnover reached €54.33 million, slightly down compared to the €55.0 million of the previous year.
In Southern Europe, business grew by 5.7%, with annual sales of €1.68 million. In the United States, however, sales fell by 14.6%, reaching €6.29 million due to difficult market conditions and an unfavorable start to winter.
The second half of 2024 is relatively stable compared to 2023, with total revenue of €32.36 million compared to €32.34 million the previous year. However, Passat anticipates a decrease in operating income in 2024.
R. E.
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