Abeo anticipates less sustained growth in the fourth quarter


(AOF) – Abeo achieved a consolidated turnover of 60.9 million euros in the third quarter, ending at the end of December, an increase of 10%. The sports and leisure equipment specialist posted organic growth of 10.6%. The Sports division posted strong organic growth of 16.8% to €34.4,60.9 million. The turnover of the Sportainment & Climbing division showed an organic increase of 11.1% to 11.5 million euros while that of the Changing Rooms division recorded an organic decrease of 1.7% to 15, 1 million euros.

In a global economy “which shows some signs of slowdown”, commercial activity as of December 31, 2023 remains well oriented with order intake reaching 186 million euros, organic growth of 6%.

Thus, given an uncertain context both in the economic environment and in the recovery of certain group markets, Abeo expects, “cautiously, less sustained growth in the fourth quarter of 2023/24”.

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