Showroomprive: operating profit almost doubled
Sales are up +3.0% to €677 million in a market down 1.8% according to Fevad.
EBITDA margin rose by 3.0% to 3.5%, driven by a healthy gross margin, lower structural costs and the initial effects of the rationalization of the logistics network
EBITDA increased by 21% from 19.5 million euros to 23.6 million euros. Operating income before non-recurring items almost doubled to €8.1 million. Group net income rose by 54.5% to 0.5 ME in 2023.
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