Groupe LDLC société anonyme (ALLDL) Q3 24/25 TU earnings summary

Executive summary

• Nine-month consolidated revenues reached €396.6m, down 8.1% year-over-year amid cautious demand in both BtoB and BtoC markets due to a sluggish economic and social environment in France.

• Q3 revenues were €152.9m, a 7.0% decrease compared to Q3 last year; Rue du Commerce showed promising performance after its integration in July 2024.

• The Group remains focused on cost streamlining and development initiatives to position for the next growth cycle.

Financial highlights

• Q3 2024/2025 revenues: €152.9m, down 7.0% year-over-year; down 8.6% at constant consolidation scope.

• Nine-month 2024/2025 revenues: €396.6m, down 8.1% year-over-year; down 8.9% at constant consolidation scope.

• BtoC nine-month revenues: €276.0m, down 5.8%; BtoB nine-month revenues: €111.6m, down 12.9%.

• Store revenues for nine months: €106.8m, up 2.0% year-over-year.

• Group business volumes for nine months: €420.5m, down 6.2% as reported.

Outlook and guidance

• Second half expected to be more profitable due to seasonal trends, but overall profitability will be impacted by lower sales.

• The Group aims to leverage its financial base and cost reduction measures to benefit from the next growth cycle and restore profit levels in the medium term.