on ABEO (EPA:ABEO)
Strong annual results for ABEO in 2023/24
ABEO, the world leader in sports and leisure equipment, has announced its consolidated annual results for the 2023/24 financial year. Turnover reached €248.4 million, an organic increase of 4.6%. This increase is mainly supported by the Sports division which recorded organic growth of 9.3%.
Current EBITDA amounts to €29.0 million, representing a margin of 11.7%, stable compared to the previous financial year. However, net profit fell to €1.7 million, impacted by non-recurring items. Free cash flows are positive at €3.2 million.
Olivier Estèves, CEO of ABEO, expresses his satisfaction with the operational performance and commitment of global teams, despite the challenges encountered in the United States. The company anticipates continued development for 2024/25, with notable participation in the Paris 2024 Olympic Games.
R. H.
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