{"id":6638,"date":"2025-03-11T17:48:21","date_gmt":"2025-03-11T16:48:21","guid":{"rendered":"https:\/\/damartex.com\/?p=6638"},"modified":"2025-03-11T17:48:22","modified_gmt":"2025-03-11T16:48:22","slug":"results-for-the-first-half-of-the-2024-2025-financial-year","status":"publish","type":"post","link":"https:\/\/damartex.com\/en\/results-for-the-first-half-of-the-2024-2025-financial-year\/","title":{"rendered":"Results for the first half of the 2024\/2025 financial year"},"content":{"rendered":"\n<p><strong>Damartex takes advantage of the first positive effects of its strategic plan and improves operating profitability<\/strong><\/p>\n\n\n\n<figure class=\"wp-block-image size-full\"><img fetchpriority=\"high\" decoding=\"async\" width=\"595\" height=\"547\" src=\"https:\/\/damartex.com\/assets\/uploads\/2025\/03\/vignette-results-sem-24-25-EN.png\" alt=\"\" class=\"wp-image-6639\" srcset=\"https:\/\/damartex.com\/assets\/uploads\/2025\/03\/vignette-results-sem-24-25-EN.png 595w, https:\/\/damartex.com\/assets\/uploads\/2025\/03\/vignette-results-sem-24-25-EN-300x276.png 300w\" sizes=\"(max-width: 595px) 100vw, 595px\" \/><\/figure>\n\n\n\n<p><strong>ACTIVITY<\/strong><strong> &amp; PERFORMANCE BY DIVISION <\/strong><strong><\/strong><\/p>\n\n\n\n<p>Damartex closed the first half of the 2024\/2025 financial year with sales of \u20ac284.6 Mn, slightly down compared to the previous year (-2.0% at actual exchange rates and -2.6% at like for like exchange rates).<\/p>\n\n\n\n<p>The &#8220;<strong>Fashion&#8221; <\/strong>division&#8217;s sales amounted to \u20ac218.6 Mn for the half-year, down -3.6% at actual exchange rates (-4.2% at like for like exchange rates). While the Xandres brand continues to perform well in recent quarters (+8.8% compared to the same period of the previous year), Damart has observed a decline in its business, impacted by lower-than-expected seasonal demand for underwear from the Thermolactyl range.<\/p>\n\n\n\n<p>The &#8221; <strong>Home &amp; Lifestyle <\/strong>&#8221; division returned to growth, driven by the operational and strategic choices made by the Group, and closed the half-year with sales of \u20ac51.5 Mn, up +4.1% at actual exchange rates (+2.9% at like for like exchange rates). This trend is supported by a strong performance in digital sales.<\/p>\n\n\n\n<p>Finally, the &#8221; <strong>Healthcare<\/strong> &#8221; division posted sales of \u20ac14.5 Mn, up +3.0% over the first half at constant real exchange rates. Faced with the closure of Almadia&#8217;s mail-order channel, the teams implemented a targeted reorganization over the period in order to optimize the transition and ensure the continuity of operations.<\/p>\n\n\n\n<p><strong>FINANCIAL RESULTS<\/strong><\/p>\n\n\n\n<p>The<strong> Group&#8217;s operating EBITDA was \u20ac12.6 Mn, <\/strong>compared with \u20ac6.6 Mn last year. This significant improvement towards better profitability is the result of continuous work on margins and the optimisation of marketing costs and fixed costs.<\/p>\n\n\n\n<p>Operating EBITDA amounted to \u20ac12.4 Mn for the &#8220;Fashion&#8221; division, with a clear increase in the profitability of the Damart brand and a historic first half in terms of profitability for Xandres. The &#8220;Home &amp; Lifestyle&#8221; division closed the half-year with an EBITDA of -\u20ac1.9 Mn, mainly penalized by supply tensions, which caused delivery delays and therefore pressure on distribution costs. The &#8220;Healthcare&#8221; division continued its development and posted an EBITDA of \u20ac2.1 Mn.<\/p>\n\n\n\n<p>Damartex closed this half-year with a <strong>net income from continuing operations of -\u20ac2.6 Mn<\/strong> compared to -\u20ac10.9 Mn for the 1st half of 2023\/2024.<\/p>\n\n\n\n<p><strong>FINANCIAL POSITION<\/strong><\/p>\n\n\n\n<p><strong>The net financial position stood at -\u20ac101.8 Mn<\/strong> at the end of December 2024 (compared to -\u20ac104.7 Mn at the end of June 2024), illustrating the actions taken on profitability, proactive inventory management and investments made by the Group in the first half of the year.<\/p>\n\n\n\n<p><strong>Working capital requirements<\/strong> amounted to \u20ac18.6 Mn at the end of December 2024, compared to \u20ac33.3 Mn last year.<\/p>\n\n\n\n<p><strong>PERSPECTIVES<\/strong><\/p>\n\n\n\n<p>Now led by Nicolas Marchand, CEO since February 2025, Damartex intends to continue and strengthen this positive dynamic, with the primary objectives of returning to profitability and customer satisfaction.<\/p>\n\n\n\n<p>Benefiting from the concrete effects of the first phase of its <strong><em>DARE.ACT.IMPACT 2026<\/em><\/strong>, the Group confirms its relevance and is committed to effectively deploying the second chapter, focused on the sustainable growth of its activities.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Damartex takes advantage of the first positive effects of its strategic plan and improves operating profitability ACTIVITY &amp; PERFORMANCE BY DIVISION Damartex closed the first half of the 2024\/2025 financial year with sales of \u20ac284.6 Mn, slightly down compared to the previous year (-2.0% at actual exchange rates and -2.6% at like for like exchange [&hellip;]<\/p>\n","protected":false},"author":2,"featured_media":4562,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[12],"tags":[],"class_list":["post-6638","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.2 - 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