Damartex SA (FR:ALDAR) has released an update.
Pick the best stocks and maximize your portfolio:
- Discover top-rated stocks from highly ranked analysts with Analyst Top Stocks!
- Easily identify outperforming stocks and invest smarter with Top Smart Score Stocks
Damartex SA, a European leader targeting the senior market, reports a decrease in annual turnover to 529.2 million euros, a 9.9% drop from the previous year, with declining sales across its ‘Fashion’, ‘Home & Lifestyle’, and ‘Healthcare’ divisions due to economic instability and a contraction in consumer spending. Despite the challenges, the ‘Fashion’ division’s Xandres brand showed growth, while the ‘Healthcare’ division’s Santéol reported a dynamic performance. The company plans to continue its strategic initiatives amidst market turbulence and will present the second part of its transformation plan later in the year.
For further insights into FR:ALDAR stock, check out TipRanks’ Stock Analysis page.