on CABASSE GROUP (EPA:ALCG)
VEOM Group: Turnover down in the first half of 2025
VEOM Group, a European smart home specialist, has announced revenue of €9.0 million for the first half of 2025, down 11% year-on-year. This decline is attributed to a volatile global market and a challenging economic environment.
The Chacon & DiO Home division recorded a nearly stable turnover of €6.5 million. Having signed major contracts, it anticipates growth for the second half of the year with the rollout of new ranges.
The Cabasse Audio division, meanwhile, suffered a 30% decline, impacted by slower international consumption and high inventories at distributors. Two new products were launched to boost future sales in the Luxury Audio segment.
R. P.
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