Groupe LDLC société anonyme (ALLDL) Q1 24/25 TU earnings summary

Executive summary

• Q1 2024/2025 consolidated revenues reached €118.1m, a 6.9% decrease year-over-year due to economic and political uncertainty impacting demand.

• The group remains focused on its strategy to expand its customer base and strengthen BtoC positioning, highlighted by the acquisition of Rue du Commerce.

Financial highlights

• Q1 2024/2025 revenues: €118.1m, down from €126.9m in Q1 2023/2024.

• BtoC revenues: €80.6m, down 4.3% year-over-year; store revenues increased 7.3% due to regional network investments.

• BtoB revenues: €34.6m, down 11.7% year-over-year; other businesses: €2.9m, down 16.9%.

• Childcare brand L'Armoire de Bébé posted €1.9m in revenues, down from €2.3m.

Outlook and guidance

• Market outlook remains positive, supported by anticipated equipment replacement and AI-driven growth.

• Group expects to capture new market share and return to normalized profit margins in the medium term.

• Next financial update scheduled for 31 October 2024 (Q2 2024/2025 revenues).