Confirmation of the recovery of ecomiam activity in 2023/24

Stock price chart of ECOMIAM (EPA:ALECO) showing fluctuations.

ecomiam, the number 3 French specialist distributor of frozen products, has published its unaudited store turnover for June 30, 2024. The company recorded a slight drop in turnover of 1.6% in the third quarter, reaching 9.4 million euros.

Despite unfavorable weather at the start of the quarter, store traffic increased by 3.2%. ecomiam also opened three new stores in Hauts-de-France and Brittany, helping to minimize the effects of closures of unprofitable points of sale.

Over the first nine months, turnover fell by 3.8% to 30.5 million euros. However, the company shows an improvement in gross margin and aims to return to operating profitability for the second half of 2023/24.

Furthermore, ecomiam benefited from the renewal of its “Innovative Company” label by Bpifrance, which opens up new investment opportunities.

R. P.

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