Chargeurs reports first-half growth of 11

By

Matthieu Guinebault

Published
September 6, 2024

The French textile group reports first-half sales of €374 million, up 11% on the first half of 2023. EBITDA rose by 20.8% to €29.6 million.

In the Technologies division, sales of interlining specialist Chargeurs PCC were stable (up 0.7%) in the first half, at 101.2 million euros. Within the Luxury Goods division, Luxury Fibers sales, including Nativa materials, rose by 6.9% to €43.1 million.

Across the business as a whole, the Group saw an upturn in European orders in the second quarter, following the contraction seen in the first three months of the year. Business in the Americas remains the most dynamic, with successive quarterly increases of 17 and 24.8%. Asia, for its part, grew by 14.6% in the first quarter, then by 0.9% over the following three months.

"Buoyed by the momentum in its core businesses, Chargeurs has confirmed its confidence for 2024 in a constant environment, with the scenario of an even more significant acceleration towards the end of 2024 and the beginning of 2025," according to CEO Michaël Fribourg. "The Group has a portfolio of assets in clearly buoyant sectors, and we are going to actively express their value-enhancing potential."

With its Technology, Luxury and Diversification divisions, the French Chargeurs group claims a presence in around 100 countries and employs 2,400 staff. Management has previously set itself the target of achieving sales of one billion euros by 2025. CEO Michaël Fribourg recently led a takeover bid for his own company via its holding companies to strengthen control.