Cafom: higher half-year profits

(CercleFinance.com) - Cafom has announced net income, group share of 7.
5 million euros for its first half of 2023-24, compared with 5.9 million for the same period last year, with adjusted EBITDA of 26.3 million compared with 23 million at March 31, 2023.

The distribution group's sales rose by 3% to 215.1 million, with a margin rate up by two points to 50.6%, driven by the performance of the Continental European e-Commerce division (+3.8 points) and stability in the Overseas division.

In terms of outlook, Cafom warns that the events of May in New Caledonia will have an impact on its second-half accounts, with three stores destroyed that accounted for over 40% of the territory's sales.

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