TERACT Annual Revenue for 2023-2024 Shows Resilience in Adverse Economy

TERACT reported annual consolidated revenue of €911.5 million for 2023-2024, an increase compared to €902.1 million in the previous year. This achievement aligns with their objective of €900-950 million despite challenging economic conditions in the second half of the year.

Food Retail contributed 16% to annual sales, up from 10.4% last year, driven by new store openings and robust performance from acquired companies. Food Retail sales increased 55.5% on a reported basis.

Garden Centre/Pet Retail witnessed a decline of 5.3% on a reported basis due to store fleet reduction, but continued implementing strategic plans in a tough market environment.

TERACT's Marketplace launch, enhanced e-commerce platforms, and the ongoing rollout of their digital plan are set to further augment their value proposition.

CEO Moez-Alexandre Zouari emphasized the company stayed the course amidst a mixed economic backdrop, highlighting TERACT's resilient business model.