(AOF) – The Piscines Desjoyaux group (-3.86% to 13.70 euros) is in the red after revealing sharply reduced results for the 2023 financial year, ended at the end of August, due to the decline in its activity. The group which “manufactures and markets in-ground swimming pools as well as peripheral items” reports that the past financial year saw fewer projects come to fruition than in previous years, with “a growing wait-and-see phenomenon”.
In France, the number of “8X4 equivalent” pools fell by 14%, the decline in turnover being only 9%, a “lag explained by the rise in prices which increased the average basket”. Internationally, the volume of pools decreased by 26%, resulting in a 20% drop in turnover.
The group’s net profit fell by 23.94% to 16.20 million euros, while its operating profit fell by 23.7% to 21.5 million euros, showing an operating margin of 15 .53% compared to 17.55% a year earlier. Its turnover is down at 138.8 million euros compared to 160.5 million euros for the 2022 financial year.
Regarding its outlook, the group “wants to be cautious given the inflationary context and the global geopolitical context.”
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