on BASSAC (EPA:BASS)
Bassac: 2024 Financial Results
Bassac has unveiled its financial results for 2024, with revenue expected to increase by 8% compared to 2023, reaching €1,404 million. Reservations increased significantly by 35%, while the order book grew by 8%. In France, sales were boosted by an expanded offering and price reductions. Abroad, Spain and Germany demonstrated resilience, despite a difficult market for garages in Germany.
Gross margin declined, primarily due to lower Zapf sales. However, recurring operating profit improved, reaching €128 million thanks to the effective management of previous acquisitions. Net profit attributable to equity holders of the parent amounted to €82 million, a significant increase. Despite a complex market, Bassac maintains a solid balance sheet with reduced net debt.
R. P.
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