(AOF) – The Cafom group, a major player in home equipment in Europe and overseas, has published its unaudited turnover for the first nine months of the 2022-2023 financial year, showing growth of 2% to 301.4 million euros. In a context of household consumption constrained by inflationary pressure, the Overseas division was stable (-0.1%) while e-Commerce activity in continental Europe (+5.4%) benefited from the growing digitization of the sector and the launch of its marketplace.
The Overseas stores division generated stable revenue on a reported basis, at 182.7 million euros, and down slightly (-0.8%) with a constant number of stores.
The Continental Europe e-Commerce division recorded revenue growth of 5.4%, to 118.7 million euros.
The division’s turnover recorded two consecutive quarters of growth, in particular thanks to the rise in power of the marketplace. The latter represents 13% of E-commerce business volume in France (+3 points in the first quarter) and is off to a very satisfactory start in Spain and Italy (6% after a full quarter of activity).
The deployment is continuing in accordance with the roadmap, with the opening of Germany in June and the expansion in Belgium and Switzerland at the start of the school year.
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