(AOF) – Over the whole of the 2022-2023 financial year, LDLC generated net income group share of 1.2 million euros against 36.1 million euros a year earlier. EBITDA came to €14.3 million (compared to €58.4 million in 2021-2022), i.e. an EBITDA margin of 2.5% (of which 3.8% at second half of 2022-2023) compared to 8.5% in 2021-2022). The high-tech specialist was faced with a drop in its activity. Already published, the group’s consolidated turnover amounted to 567.4 million euros, down 17.2%.
In line with the shareholder remuneration policy renewed last year, the LDLC Group will propose to the General Meeting of Shareholders to be held on September 29, 2023, a dividend of 1.20 euros per share for the 2022 financial year. -2023. The group has already paid an interim dividend of 0.40 euros per share for the 2022-2023 financial year.
With regard to its prospects, the high-tech specialist has set itself the objective of returning to slight growth at constant scope in 2023-2024, and a more dynamic pace taking into account the contribution of the activities of the ACTI MAC Group. since April 1, 2023. In the short term, LDLC anticipates continued cautious purchasing behavior among individuals and businesses.
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Concerns remain
According to the Federation of Specialized Trade, Procos, in October 2022, activity fell by 1.5% over one year. Nevertheless, the beauty and health (+ 5.2%) and specialized food (+ 3.5%) activity is dynamic compared to October 2021. The frequentation of the points of sale was very impacted by the problems of fuel and bad weather. Compared to October 2019, the pre-covid year, the drop in attendance is very sharp (-20.9% in October). Shopping centers and the outskirts are more impacted than city centers with a difference of four to five points.
Several reasons for concern exist for the future. The players are experiencing a very significant scissor effect given the increase in their operating costs while the evolution of demand is very uncertain. Very few brands can pass on the increase in their costs to their selling prices. The federation therefore asks, among other things, to limit the indexation of the Commercial Rent Index to + 3.5% for the rents of all companies in 2023. It also invokes an absolute urgency: to cap the price of energy for 2023 and retroact on the contracts already signed to prevent the rate of failures from accelerating.