sur GEVELOT (EPA:ALGEV)
GEVELOT S.A.: Annual General Meeting Outcomes
The Annual General Meeting of Gévelot S.A. on June 12, 2025, approved the 2024 financial statements. All proposed resolutions by the Board were adopted. The 2024 consolidated revenue reached €138.1 million, down 8.7% from 2023, affected by currency changes and commercial challenges in the Middle East and Asia-Pacific.
Net income for Gévelot was €3.3 million, a decrease from €13.3 million in 2023, due to a downturn in the Pumps sector. The parent company's result improved significantly with a profit of €17.8 million, primarily driven by a special dividend from PCM SA.
A dividend of €5.00 per share will be distributed on June 20, 2025. Despite geopolitical tensions and financial market volatility, Gévelot remains committed to its development strategy, focusing on targeted investments for future growth.
R. H.
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