Upergy: stable sales in Q1

(CercleFinance.com) - For the first quarter of 2024, Upergy reported stable sales on a year-on-year basis, at 11.
9 million euros (-1.1% at constant exchange rates), despite continued growth in its BtoB business.

BtoB sales, which account for 90% of billings, rose by 1.1%, but BtoC sales fell by 10.7% due to a payment system blockage linked to a cyber-attack, an incident that has been resolved since March.

In 2024, the group of batteries, chargers, adapters and portable lighting products is aiming for continued growth and improved profitability, driven in particular by an expected rise in gross margin.

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