Graines Voltz Financial Results for 2023/2024

Graines Voltz announced a turnover of €134.4 million for the 2023/2024 financial year, a modest increase of 1% compared to the previous financial year. The French share amounts to €87.9 million, while European sales increase by 3.9% to €39.7 million. However, sales outside Europe fall by 19.4% to €6.8 million.

Current operating income amounted to €4.0 million, up from €2.4 million the previous year. This increase reflects a better gross margin despite the increase in logistics and energy costs. However, the net income group share shows a loss of €5.8 million, impacted by a €6.6 million depreciation of assets linked to the slowdown in the new construction market.

Given these results, Graines Voltz has decided not to distribute dividends for the current financial year, while remaining cautious for the year 2024/2025.