Belysse has announced its third-quarter figures in a trading update. The carpet manufacturer realised consolidated group sales of 60.6 million euros, down 10.9 per cent compared to the same period last year. Organic sales shrank 7.2 per cent, while the exchange rate effect was -3.7 per cent.
© Belysse
Regionally, sales in Europe fell 10.8 per cent compared to Q3 2024. The United States recorded an 11 per cent decline, including a negative currency effect of 6.1 per cent. Belysse said the sales trend reflected continued low demand in the European residential market, combined with a slight volume reduction in the US, where operations are project-driven. In contrast, sales in the European commercial market remained stable.
The group's adjusted consolidated EBITDA was also below Q3 2024 levels. The decline was mainly due to unfavourable US dollar translation differences and lower sales volumes. This was partly offset by higher unit margins in both the US and Europe. Moreover, fixed costs for the quarter were lower than in the same period last year, which helped to contain the margin impact.
Belysse stresses that the results mainly show the impact of external market conditions and currency effects, while the company is making efforts internally to improve operational efficiency and support margins.
Read the full Trading Update here
More information:
Belysse
www.belysse.nl
