(CercleFinance.com) – Piscines Desjoyaux revealed declining results for its 2022/2023 financial year while saying it was cautious given the inflationary context and the global geopolitical environment.
The world’s leading network for the construction of in-ground swimming pools posted an operating profit of 21.5 million euros for the financial year ended at the end of August, compared to 28.2 million euros for the previous financial year.
The group – which has 192 dealerships in France with a presence in 80 countries – saw its operating margin decline to 15.5% of turnover compared to 17.5% in the previous financial year.
The group’s share of net income stood at 16.2 million euros compared to 21.3 million euros for the financial year ending August 31, 2022, a decrease of 24%.
Annual turnover fell by 13.5% to 138.7 million euros, based on 9,109 pools installed during the year compared to 11,250 the previous year.
Regarding its prospects, the group is cautious and intends to maintain its leading positions in the main markets, while continuing its investments in areas likely to present a rapid and favorable return on investment.
The share listed on the Paris Stock Exchange fell by 3.2% after these announcements. The stock has fallen 10% since the start of the year, but has increased by almost 150% over ten years.
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