Kumulus Vape: Half-Year Results S1 2024

Kumulus Vape, an e-retailer specializing in the sale of electronic cigarettes and related products, has published its half-year results for 2024. The consolidated accounts approved by the Board of Directors reveal a turnover of 30.1 million euros, reaching 43% of the annual target of 70 million euros.

The BtoB sector dominates with 25.5 million euros in revenue, despite an unfavorable economic context. BtoC also records growth, totaling 4.5 million euros. The gross margin amounts to 7.2 million euros, or 23.9% of turnover.

EBE reached 1.84 million euros and operating income stabilized at 1.79 million euros. Consolidated net income amounted to 1.23 million euros. Rémi Baert, CEO, underlines the company's performance and anticipates continued improvement in margins.

As of June 30, 2024, Kumulus Vape's equity stands at €15.7 million, with cash of €5.5 million. Financial debt stands at €4.5 million. The annual target is revised to €64 million, with a positive outlook supported by continued growth and new business opportunities.