Kumulus Vape SA (FR:ALVAP) has released an update.
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Kumulus Vape SA reported a consolidated revenue of 30.1 million euros for the first half of 2024, achieving 43% of its annual target and demonstrating robust growth in both retail and online sectors. The company’s strong performance is reflected in a gross margin of 7.2 million euros and a net income of 1.23 million euros, with the BtoB sector contributing significantly to the total revenue. CEO Rémi BAERT emphasized the effective control of expenses and the improved profitability of the recently acquired Cigaverte, signaling confidence in the company’s future margins.
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