Annual results 2023-2024: Avenir Telecom in consolidation phase

Avenir Telecom has published its annual results for the 2023-2024 financial year, marking a year of strategic consolidation. The company strengthened its alliances with KaiOS Technologies and Energizer®, key partnerships for the transition to 4G and the expansion of product lines.

The turnover stood at 14.1 million euros, down compared to 23.3 million the previous year. Nevertheless, Avenir Telecom recorded a positive operating result of 0.7 million euros before central costs, despite disruptions linked to the refocusing on mobiles and the loss of major contracts by its main client.

In financial terms, available cash stood at €20.2 million at the end of March 2024, ensuring financial strength for the company. For the 2024-2025 financial year, Avenir Telecom anticipates a return to growth, in particular thanks to the new product ranges expected in the second half of the year.