Turnover for the first half of 2024: €10.1 million for VEOM Group

VEOM Group published a turnover of €10.1 million for the first half of 2024, down 15%. The Chacon & DiO Home division recorded a turnover of €6.5 million, a drop of 18%, due to slowed demand and with regard to a one-off contract in 2023.

The Cabasse Audio division posted a turnover of €3.6 million, down 10% compared to last year. The delay in the launch of THE PEARL MYUKI and weak export activity, particularly in the United States and South Korea, weighed on results.

The outlook for VEOM Group indicates a less marked annual decline, an improvement in margins and a cost reduction plan with effects expected from the second half of 2024. The company is banking on innovation and the launch of new products to stimulate its growth future.