FIDUCIAL OFFICE SOLUTIONS third quarter financial results as of June 30, 2024

FIDUCIAL OFFICE SOLUTIONS announces a consolidated turnover of 157.7 million euros as of June 30, 2024, marked by a decrease of 8.3% compared to last year. Sales of paper and IT consumables are the most affected, influenced by digital transformation and dematerialization among customers.

The economic slowdown in France continues in 2024 with almost zero GDP growth and inflation falling to +2.3% in May 2024 compared to +5.1% in May 2023. The overall market for office stationery products is losing - 3.3%, while the BtoB circuit fell by -7.0% according to GFK / UFIPA. FIDUCIAL BUREAUTIQUE recorded a decrease of -6.8% over 12 months.

Despite this difficult context, FIDUCIAL OFFICE SOLUTIONS is maintaining its strategy of expanding the offering and digital development to win over new customers.

For the 2023/2024 financial year, the company forecasts a consolidated turnover of around 205 million euros, with an operating profit down compared to 2022/2023.