LDLC: 2022/23 net income collapses

(CercleFinance.com) - LDLC has reported sales of E567m for FY 2022/23, down 17.
2% y-o-y.

The Group says sales were penalised by a demanding base effect, a high rate of new equipment purchases by households and businesses, and the economic climate, which prompted potential buyers to postpone their spending and investments in the face of inflation.

Against this backdrop, EBITDA came out at E14.3m (vs. E58.4m in 2021-2022), representing an EBITDA margin of 2.5% vs. 8.5% in 2021-2022.

Net income, group share, finally came to E1.2m, a far cry from the E36.1m recorded a year earlier.

The company said that it will propose a dividend of E1.20 per share for FY 2022-2023 to the AGM to be held on 29 September 2023 (as a reminder, an interim dividend of E0.4 was already paid in February).


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