Interim reports

On August 8, 2024, A.S. Création published its interim report for the period ended June 30, 2024:

A.S. Création's consolidated sales revenues declined by € 5.1 million or 7.7% from € 65.7 million in the previous year to € 60.6 million in the first half of 2024. This decline is attributable to the Wallpaper Division, while the Furnishing Fabrics Division increased its sales slightly. As A.S. Création generates around 81% of its consolidated sales revenues in the European Union plus the UK and wallpapers and furnishing fabrics are classified as consumer goods, the difficult economic environment and the weak consumer demand in this region had a negative impact on consolidated sales revenues. 

A.S. Création reported an operating loss of € -0.5 million for the first six months of 2024, compared to an operating profit of € 0.1 million in the same period of the previous year. The main reason for the decline in earnings is the unsatisfactory sales level in the first six months of 2024.

Despite the negative operating result, positive aspects can be identified. Following the positive development in the first quarter of 2024, the gross profit margin stabilized further and stood at 50.2% in the first six months of 2024 (previous year: 48.8%). This clearly shows that the focus of the product and sales policy on higher-margin product ranges and the implemented restructuring projects are taking effect and that the changed strategic orientation, which is intended to lead A.S. Création back into the profit zone, is starting to have a noticeable impact.