EMOVA Group: Annual results 2023/2024

For the financial year ending September 30, 2024, EMOVA Group achieved a turnover of €28 million, marking a decrease of 6.77% compared to last year. This decline is attributable to various store closures and sales to franchisees. E-commerce turnover decreased, reflecting a strategy of transfer to physical points of sale.

Although adjusted EBITDA declined by 24.6%, the company maintained a solid operating margin. Net income showed a loss of EUR 10.3 million, impacted by exceptional financial and accounting review items. The group's future strategy aims at sustainable growth by strengthening its model and innovating.