FIDUCIAL OFFICE SOLUTIONS: First quarter 2024 results

FIDUCIAL OFFICE SOLUTIONS announces consolidated revenue of €49.6 million for the first quarter of fiscal year 2024, marking a decrease of 10.5% compared to the previous year. This decrease is mainly explained by the decline in paper sales, due to a drop in prices, and traditional office supplies, in connection with the digital transformation undertaken by customers.

In France, economic growth is slowing, with GDP declining despite inflation reduced to 1.3% in December 2024. The stationery market is following this trend with a general decline of 10% in the BtoB segment. However, FIDUCIAL OFFICE SOLUTIONS is continuing its efforts to modernize logistics and diversify its offering to boost its turnover.

For the 2024/2025 fiscal year, the company expects a turnover of 208 million euros, although operating profit is expected to be lower than in 2023/2024.