PAROT GROUP: First quarter 2024 turnover down

The PAROT Group announced a turnover of 92.8 million euros for the first quarter of 2024, down 9.6% compared to the previous year, when it amounted to 102.6 million euros. 'euros. This decrease occurs despite an increase of +11.3% in service activities.

The performance of passenger vehicles shows a decline of 6.9% in turnover, while registration volumes also decreased by 17.8%. Commercial cars saw an even sharper reduction, with a 28% drop in turnover, influenced by a 40.1% fall in heavy goods vehicle volume.

Despite an unfavorable economic situation, service activities continue to progress, recording an increase of 10.8% for commercial vehicles. The group maintains a cautious posture for the future, focusing on delivering current orders and growing market share.