Damartex SA (FR:ALDAR) has released an update.
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Damartex SA reported a decrease in annual revenue to €529.2 million, a 9.9% drop, amid challenging economic conditions, while achieving a significant improvement in operational EBITDA to €9.6 million, up by 120.7%. The ‘Fashion’ division faced a revenue decline but showed strong performances in the Xandres brand, whereas the ‘Healthcare’ division plans to reorganize due to underperforming catalog sales. Despite these efforts, the company recorded a net loss of €36.0 million for the financial year, largely due to non-recurring events and restructuring costs.
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