(Boursier.com) — Despite an increase in turnover (+3.4% to 208.9 ME), the group’s half-year accounts Cafom suffered from the impact of inflation. In order to cushion the impact of inflationary pressures for consumers, the Group indicates that it has not passed on all the price increases.
The margin rate thus stood at 48.6%, down 2.4 points compared to the first half of last year. However, it is up slightly (+0.2 points) compared to that of the last 6 months of the previous financial year. The commercial margin stands at 101.5 ME, down 1.6 ME compared to last year. At the same time, the overall increase in operating expenses of +3.1 ME in total, including in particular the increase in marketing expenses and the increase in personnel costs, led to an adjusted EBITDA of 23 ME against 27.7 ME as of March 31, 2022. Before application of IFRS 16, adjusted EBITDA amounted to 13.4 ME compared to 18.9 ME in the first half of the 2021-2022 financial year.
After taking into account allocations to depreciation and provisions, down due to a lower allocation to provisions, current operating income amounted to 9.8 ME (13.6 ME a year earlier). Net income Group share stands at €5.9 million compared to €9.3 million in the first half of 2021-2022.
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