U10 in 2023: Financial Performance and Strengthening Cash Flow

The U10 company has published its results for the year 2023, marking a significant strengthening of its key financial indicators. Revenue decreased slightly compared to 2022, from €183,036 to €165,554 thousand, but EBITDA saw a sharp increase, almost doubling to €5.4 million. Likewise, the operating result improved, going from 1.559 to 3.122 million euros.

Inventory and debt management have also been optimized, with a reduction in net debt of 33%, or 10 million euros. This efficient management has enabled U10 to increase its short-term cash flow which is now positive at 5.1 million euros. Efforts to eliminate overstocks also made it possible to strengthen the quality of turnover, thus promoting the company's operational profitability.

On the occasion of its 30th anniversary, U10 presented a new visual identity, including a new logo, and continues to develop its international presence with 20,000 references delivered to more than 50 countries. The company is managed by Yohann Lièvre, who manages the strategic orientations with his team.