Financial Results of the JAJ Group for the 2023/2024 Financial Year

The Board of Directors of the JAJ Group approved the accounts for the 2023-2024 financial year on July 12, 2024. The turnover reached €28,760 thousand, down 9% compared to the previous financial year.

The gross margin improved to 47.6%, an increase of 3 points, thanks in particular to a change in accounting method and continued pressure on suppliers. The gross operating surplus amounts to €1,237 thousand, representing 4.3% of turnover, compared to 8.4% last year.

Operating profit was €600 thousand, down 0.8 points and net profit stood at €343 thousand, or 1.2% of turnover, down 0.4 points. Despite a context marked by hot weather, inflation and a prioritization of household spending, sales in Scandinavia and Spain showed respective growth of +158% and +23%.

Finally, the outlook for 2024/2025 remains cautious, particularly due to climatic hazards and the geopolitical context.