Largo Posts Strong Growth in Half-Year Turnover

Largo, an eco-responsible company specializing in the reconditioning of high-tech products, announces an 84% increase in its turnover for the first half of 2024, reaching 15.7 million euros.

Strategic sales channels such as operators, digital and B2B contributed significantly to this progress. The “Operators” channel represents 46% of half-yearly revenues, supported by partnerships such as that with Orange. The “Digital” channel saw its turnover increase by 16%, with good performance for the largo.fr site.

Largo's cash position is strong, at €5.2 million as of June 30, 2024, thanks to a recent €4 million convertible bond issue.

For the second half of 2024, Largo targets 50% growth and plans to secure its product supply, control production costs and increase sales through its strategic channels.