Groupe LDLC société anonyme (ALLDL) H1 24/25 earnings summary

Executive summary

• H1 2024/2025 revenues reached €243.7m, down 8.7% year-over-year, impacted by inflation and political uncertainty in France.

• Gross margin rate held at 21.1%, within the normalized range despite lower business volumes.

• EBITDA loss of €2.5m versus a €2.9m profit in H1 2023/2024, reflecting cost pressures and lower sales.

• Net loss (Group share) widened to €7.3m from €3.6m year-over-year.

• Strategic acquisition of Rue du Commerce to strengthen BtoC positioning and future marketplace growth.

Financial highlights

• Revenues declined 8.7% year-over-year; at constant scope, down 9.1%.

• Gross margin fell 10.7% to €51.3m; gross margin rate at 21.1%.

• EBITDA loss of €2.5m, down from €2.9m positive EBITDA a year earlier.

• Operating loss (EBIT) of €8.7m, impacted by higher depreciation and Rue du Commerce consolidation.

• Net loss (Group share) of €7.3m for H1 2024/2025.

Outlook and guidance

• Profitability expected to improve in H2 due to seasonality and ongoing cost control measures.

• Strategy to leverage Rue du Commerce's brand for medium-term profitability optimization.

• Group positioned to benefit from the next growth cycle with a solid financial base.