(Boursier.com) — The 2022-2023 financial year JAJ Group shows a turnover of 31.62 million euros, up by +31% (or approximately +7.45 ME) while the textile market in Europe is still in great difficulty. This strong growth is exceptional because Groupe JAJ has outperformed with double-digit growth, within a market that has been in constant decline for 15 years. This commercial dynamism is to be compared with the 2021-2022 financial year, itself already growing by +25% versus the 2020-2021 financial year.
The overall gross margin rate gained +0.6 points compared to the previous year. This is mainly due to a favorable mix effect.
EBITDA shows a positive result of 2.66 ME, or 8.4% of turnover, which represents +0.8 points more than the previous year.
The Operating Result amounted to 929 kE, or 2.9% of turnover, which represents -0.8 point less compared to the previous financial year.
The net result amounts to 513 kE or 1.6% of the turnover which represents +0.6 point more compared to the previous financial year. This is basically due to fewer exceptional charges (+1.5 point) partially offset by the absence of Research Tax Credit this year unlike last year (-0.6 point).
Outlook
Groupe JAJ remains cautious about the next financial year given the international geopolitical context, major social movements in France, the economic consequences for our retailers and on the purchasing power of European consumers.
Added to this is a very high level of stock at retailers, particularly in terms of jackets, given the extremely mild winter weather with very few periods of extreme cold.
Investments to modernize and adapt the web stores (Schott and Rivieras) to the latest technologies will continue because they are essential and necessary.
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