LePERMISLIBRE Publishes First Semester 2024 Results

lePERMISLIBRE, an online driving school in France, has published its unaudited results for the first semester of 2024. The Board of Directors approved the results on September 23, 2024. The company's revenue declined by 15% to €7.4 million due to strategic adjustments favoring more profitable investments.

Gross margin remained stable at 37% despite a reduction in sales. Operating expenses were reduced by 22%, including a 45% cut in marketing expenses. The operating loss halved compared to the second half of 2023, standing at €1.1 million.

As of June 30, 2024, the cash position was €2.8 million with net cash at €0.1 million after bank loans. The company aims to achieve positive operating profit by the first half of 2025 through continued cost optimisation and focused expansion in high-demand regions.

Lucas Tournel, Chairman of lePERMISLIBRE, expressed confidence in the company's strategic adaptations to achieve profitability in 2025.