Performance of Kumulus Vape in the 3rd quarter of 2024

Kumulus Vape announced a turnover of 14.8 million euros for the third quarter of 2024, representing 70% of its annual target. The cumulative turnover as of September 30 reached 44.9 million euros. This performance comes in a demanding economic context, as the company completes its restructuring plan.

The majority of revenues come from the BtoB segment, which represents 83.9% of the activity, with 12.4 million euros. The BtoC sector generated 1.2 million euros and the branch network, 1, 1 million euros. According to Rémi Baert, CEO of Kumulus Vape, the integration of the Cigaverte network strengthens the offer of vaping solutions.

Kumulus Vape is preparing for a dynamic end of the year with the support of recent distribution agreements and the favorable period of the fourth quarter. The company maintains its annual target of 64 million euros.