on WE.CONNECT (EPA:ALWEC)
WE.CONNECT financial results for the first half of 2024
The company WE.CONNECT has published its consolidated turnover for the first half of 2024, which amounts to 121.5 million euros, down 6.3% compared to the same period in 2023. This decrease is mainly due to a difficult economic situation, particularly in June, and an unfavorable base effect.
Despite this decline, WE.CONNECT's own brands recorded growth of 15.4%, thanks to the expansion of their product ranges, particularly in growing sectors such as telephony and small audio. Flagship brands like WE and HALTERREGO have contributed to this progression.
WE.CONNECT remains optimistic for the second half of 2024, traditionally more dynamic thanks to events such as back to school, Black Friday and the end-of-year holidays. The company thus maintains its annual turnover target of 300 million euros.
R. P.
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