SAFE Group: 2024 Financial Statements and Annual Report Available

The French company Safe has published its 2024 annual results and made its financial report available on its website. The fiscal year ended with consolidated revenue of €5.041 million, marking a decrease of 13.2% compared to the previous year.

This decline is occurring within a context of difficulties related to the implementation of new IFRS standards for foreign subsidiaries, following a reorganization of governance since December 2023.

Personnel expenses amount to €3.02 million and net financial debt stands at €10.787 million. Net income shows a loss of €1.929 million, while shareholders' equity is negative at (€8.422) million. As of December 31, 2024, cash and cash equivalents amount to €312,000.