(AOF) – In the first half, ending at the end of March, CAFOM generated net income group share of 5.9 million euros compared to 9.3 million euros in the first half of 2022. Current operating income followed the same trend, going from 13.6 million euros to 9.8 million euros. The home equipment specialist in Europe and overseas stresses that its half-yearly economic performance “is down compared to the first half of the previous year under the impact of inflationary pressures”.
At 208.9 million euros, revenue for the year increased by 3.4%.
With regard to its prospects, CAFOM indicates that it is continuing to optimize its network of stores in Overseas France. Regarding the Continental Europe e-Commerce division, he specifies that the rise of the marketplace, launched by Vente-Unique.com in 2022 in France, continues with its international deployment: after Spain and Italy, the expansion will continue in the Northern Europe zone during the second half. Overall, Vente-unique.com confirms its gradual return to growth and its ambition to improve its results.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activity is dynamic compared to October 2021. The frequentation of the points of sale was very impacted by the problems of fuel and bad weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: to cap the price of energy for 2023 and retroact on the contracts already signed to prevent the rate of failures from accelerating.