(AOF) – Bogart generated a turnover of 292.4 million euros in 2023, comparable to that of last year, taking into account scope effects (strategic reorganizations carried out in 2022 on the network in France and in Belgium and refocusing of the Spanish subsidiary) and foreign exchange, particularly in Israel. At constant scope and exchange rates, 2023 turnover is up 5.4%. The gross margin stood at 153 million euros as of December 31, 2023, compared to 150 million euros in 2022, an increase of 3 million euros year-on-year thanks to a favorable change in the product mix.
Ebitda is up 10.3% for this 2023 financial year and amounts to 42.8 million euros (compared to 38.8 million euros last year). Excluding IFRS 16, EBITDA stands at 16 million euros in 2023 compared to 9.5 million euros in 2022, an increase of 68.4%.
Current operating profit thus stands at 12.5 million euros in 2023 compared to 3.8 million euros in 2022.
The group’s net profit shows a very strong improvement at 3.8 million euros as of December 31, 2023 compared to a net loss of 10.4 million euros last year.
In 2024, Bogart intends to continue its profitable growth strategy driven by its two activities: Bogart Fragrances & Cosmetics and Bogart Beauty Retail.
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