Emova Group H1 2023/24 half-year results

Stock price chart of EMOVA GROUP (EPA:ALEMV) showing fluctuations.

Emova Group, leader in France in the retail sale of plants and flowers with brands such as Monceau Fleurs and Au Nom de la Rose, announces its results for the first half of 2023/2024.

Turnover reached €14.8 million, down 11% compared to last year. This decline is explained by branch closures and sales, in line with the group's rationalization strategy. In particular, six stores were sold to franchisees and three others were closed.

Despite this drop, the EBITDA margin increased by 0.6 points, reaching 20.5%. Operating profit was €0.7 million compared to €1.1 million last year. The net result, after deduction of discontinued activities, comes to -€0.6 million.

Emova Group remains cautious for the second half but confirms its profitability and park development objectives.

R. P.

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