sur COGELEC (EPA:COGEC)
COGELEC Reports Robust 2024 Financial Growth and Promising Start in 2025
COGELEC, a leader in access control systems, reported strong financial results for 2024. The company achieved a 12.9% increase in revenue, totaling €74.5 million. EBITDA surged by 22.3%, reaching €12.4 million, while net income rose by 25.6% to €5.7 million. The Board proposed a dividend of €0.58 per share for 2024.
The first quarter of 2025 continued the growth trend, with revenue increasing by 19.6% to €22.1 million. This was driven by gains both in France and across European markets. Subscription services notably increased, contributing significantly to revenue.
COGELEC's gross margin improved, and personnel expenses rose due to workforce expansion. The company ended the year with €24.6 million in cash and €19.0 million in financial debt. An ESG rating improvement underscored its commitment to sustainability.
R. H.
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