Hunyvers announces its annual results for 2023-2024

Hunyvers SA recorded consolidated revenues of EUR 130.3 million for the financial year 2023-2024, marking an increase of 15.9% compared to the previous year. This increase is partly attributable to the strategic acquisitions made during the year. However, organic growth remained virtually stable. Operating income deteriorated by 40.4% to EUR 3.2 million, mainly due to inflation and recent acquisitions.

Gross margin increased by 9.2%, despite a less favorable business mix, while operating margin declined to 2.5%. Net income stood at EUR 1.8 million, affected by increased financial expenses. For 2024-2025, Hunyvers expects sustained revenue growth, targeting EUR 150 million, as well as an improvement in operating margin.