VEOM Group 2024 Half-Year Results: Gross Margin Up Despite Persistent Challenges

VEOM Group has published its 2024 half-year results, marked by a notable improvement in gross margin to 44.2%, an increase of 430 basis points compared to 2023. This increase is explained by the performance of the Cabasse Audio division, despite a 15% drop in overall turnover.

Half-year EBITDA shows a loss of €0.5 million, before the expected effects of the cost reduction plan planned for the fourth quarter of 2024 and in 2025. At the same time, the group secured capital increases totaling €2.0 million, ensuring sufficient cash until the end of the year.

For 2025, VEOM Group expects a return to profitable EBITDA thanks to key initiatives, including the development of new products and the pursuit of strategic partnerships.