First quarter sales for 2025 have shown a decline overall, despite positive developments in the US market.
© Belysse
Total sales dropped by 4.3% to €67.2m, with organic revenue falling by 5.9%. European sales were down 13.2%, while US revenues rose by 5.6%.
Belysse, formerly known as Balta, stated that 'the first quarter revenue for 2025 reflects improved volumes compared with prior year in US' project driven business, and continued weak market demand in Europe that compares negatively to Q1 2024, the strongest quarter in 2024.'
The company reported that 'adjusted consolidated Group EBITDA for the quarter was below Q1 2024', mainly due to volume and product mix declines in Europe. However, results in the US improved year-on-year, driven by higher volumes and better unitary margins.
Belysse added that 'given the very limited trade flow of the European business with the US and the domestic manufacturing footprint of Bentley Mills serving the US market, we expect current trade tariffs to have a limited direct impact on the company's trading.'
Source: www.bigfurnituregroup.com