on CABASSE GROUP (EPA:ALCG)
VEOM Group's 2024 annual results: recovery expected in 2025
VEOM Group, a major player in the Smart Home market, recorded a 19% decline in revenue in 2024 to €20.3 million, impacted by a general economic downturn. Gross margin remained stable at 42%, thanks to the optimization of the Chacon & DiO Home division's new product lines. Adjusted EBITDA stood at -€1.2 million, highlighting the impact of the decline in activity.
For 2025, VEOM expects a boost in activity, thanks to a major contract signed for the Chacon & DiO Home division and the development of new products for Cabasse Audio.
The group consumed -€1.1 million of cash in 2024, despite a significant reduction in inventories and a financing contribution via capital increases. However, the group's continued operations will depend on the success of ongoing negotiations regarding the rescheduling of its debt.
R. E.
Copyright © 2025 FinanzWire, all reproduction and representation rights reserved.
Disclaimer: although drawn from the best sources, the information and analyzes disseminated by FinanzWire are provided for informational purposes only and in no way constitute an incentive to take a position on the financial markets.
Click here to consult the press release on which this article is based
See all CABASSE GROUP news