on WE.CONNECT (EPA:ALWEC)
WE.CONNECT announces a significant increase in its annual turnover
WE.CONNECT reported consolidated revenue of €300.2 million for 2024, marking a 13.7% increase compared to 2023. This growth is notably the result of the acquisition of MCA TECHNOLOGY, an IT wholesaler, in June 2024. The new subsidiary generated €50.3 million in the second half of the year.
Although WE.CONNECT's organic business declined by 5.4% to €249.9 million, the company was able to contain the decline thanks to its diversified offering. By 2025, WE.CONNECT plans to complete the redesign of its e-commerce sites to strengthen its market position.
In addition, the company will be moving to Serris, with new offices and a modernized warehouse, to increase its competitiveness. WE.CONNECT is banking on these initiatives to fuel its future growth.
R. H.
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