(AOF) – Veom Group posts a loss of 2.84 million euros in 2023 compared to a net profit of 3.62 million euros in 2022. Ebitda, restated for the research tax credit, is negative at of 28,000 euros, compared to a positive Ebitda of 550,000 euros a year earlier. The smart home specialist emphasizes that it is positive in the second half, rebounding to 0.4 million euros. Turnover fell by 11% to 25 million euros.
Regarding its prospects, Veom Group plans to “return to growth in its activity in 2024, at a pace which will be conditioned by the evolution of the economic context and in particular consumption in retail”.
The group intends to continue to increase its gross margin and significantly improve its Ebitda, accelerated by the implementation of a cost reduction plan of around 15% within the two divisions, the first effects of which will materialize in the second half of the year. 2024, and will be fully effective in the 2025 financial year.
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