Groupe JAJ SA Faces Revenue Decline Amid Growth

Groupe JAJ SA (FR:GJAJ) has released an update.

Groupe JAJ SA reported a revenue of 28,760 K€ for the fiscal year 2023-2024, marking a 9% decline from the previous year, amid warm weather and inflation challenges. Despite a tough environment for clothing sales, the company saw significant regional growth in Scandinavia and Spain, and an increase in online sales through its webstores and marketplaces. The overall gross margin improved, but increased costs in various areas led to reduced operating and net incomes.

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