Damartex SA (FR:ALDAR) has released an update.
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Damartex SA, a European leader targeting the senior market, reports a decrease in annual turnover to 529.2 million euros, a 9.9% drop from the previous year, with declining sales across its ‘Fashion’, ‘Home & Lifestyle’, and ‘Healthcare’ divisions due to economic instability and a contraction in consumer spending. Despite the challenges, the ‘Fashion’ division’s Xandres brand showed growth, while the ‘Healthcare’ division’s Santéol reported a dynamic performance. The company plans to continue its strategic initiatives amidst market turbulence and will present the second part of its transformation plan later in the year.
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