VEOM Group's turnover to decline in 2024

VEOM Group's revenue for the 2024 financial year amounts to €20.3 million, down 19% compared to the previous year. This decrease is due to an overall slowdown in the retail market, particularly in DIY superstores. The Chacon & DIO Home division saw its sales decline by 14%, while Cabasse Audio recorded a decline of 28%.

The Chacon & DIO Home division suffered in particular from the deterioration of the real estate and construction markets. For Cabasse Audio, slower consumption and the late launch of THE PEARL MYUKI speaker weighed on results.

For 2025, VEOM Group targets an increase in gross margin and a return to positive EBITDA thanks to a cost reduction plan. The divisions plan to launch new products and expand their ranges to drive growth.