Earnings PerformanceEBITDA decreased by 59% YoY to €3.7m, with a margin contraction to 12.5%, following operating deleverage due to lower sales volumes and higher marketing and communication investments.
Revenue DeclineFope reported H1-24 revenue of €29.6m, down -14.5% YoY, driven by a slowdown in the production and fulfillment of the order backlog.
Sales Growth ExpectationsFope pre-released softer than expected sales growth in H1, with a decline of 14.5% YoY, due to a temporary slowdown in production and fulfillment of the orderbook.