2nd in the e-commerce sector, +427% growth over three years
Kumulus Vape (ISIN: FR0013419876 – Ticker: ALVAP), an e-retailer specializing in the sale of electronic cigarettes and related products (equipment, e-liquid and accessories), grouped under the term “vape”, is proud to be included this year still in the Growth Champions ranking.
Average annual growth of nearly 75%
Published by the newspaper
The echoes
in partnership with Statista following a multi-sector survey devoted to national companies displaying the best performance in terms of activity, the ranking of this 8th edition highlights the performance of the 500 French companies with the best growth trajectories over the last 3 exercises.
With a turnover multiplied by 5.2 between 2019 and 2022, Kumulus Vape appears 40th in the general ranking this year, an increase of two places compared to last year’s ranking. This performance is marked by a strong increase of 427% over the period, representing average annual growth of 74%. The company also stands out in the e-commerce category with a 2nd place (+ 2 places compared to 2023), as well as a 6th generalist place in the Auvergne Rhône-Alpes region.
”
Our company appears for the fifth consecutive year in the ranking of French growth companies published by the newspaper
The echoes.
This performance, coupled with an exceptional distinction in the e-commerce sector, reflects the effectiveness of our strategy and the unwavering commitment of our teams. I would like to express our sincere gratitude to our partners and customers, whose constant support is the catalyst for the success we will strive to achieve again this year”
comments Rémi BAERT, Chairman and CEO of Kumulus Vape.
The complete ranking can be consulted at:
http://media.lesechos.fr/infographie/champions-croissance-2024/
Next meeting :
2023 annual results
April 10, 2024 after trading
About Kumulus Vape
Kumulus Vape quickly established itself at the forefront of French vaping players. Since its creation in 2012, the Company has been driven by a mission: to offer, through vaping, a safe and effective alternative to smoked tobacco in order to reduce its health and environmental consequences. In this perspective, Kumulus Vape has built one of the richest electronic cigarette catalogs on the market with more than 11,000 references available through its e-commerce platforms for individuals and specialized stores, particularly with brands like Voopoo (Voopoo wholesaler). In 2023, the Company achieved a turnover of more than €60 million, an increase of 7.8%. The Company is based in Corbas, in the Lyon metropolitan area, and today employs nearly 60 employees. Kumulus Vape has been listed on Euronext Growth since June 2021 (ALVAP / ISIN code: FR0013419876).
Contacts
Kumulus Vape
Vincent Baudoin
Communication director
06 10 84 52 59
Laetitia De Touchet
CFO
06 82 32 16 99
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