I was wondering why they had a sales decrease during H2 (- 2.4 % yoy vs + 7.8 % during H1 24).
The CEO probably answered through his presentation this morning, by saying that they closed some businesses/stores during FY 24 which had a negative impact on their sales (by around 11 m$ if I understood correctly what he said, representing 10 % of their sales).
Also interesting to note that, despite this sales decrease during H2 24, they were able to increase their H2 EBITDA by 10 % (increase of gross margin and cost decrease).
Ann: Stealth FY24 Briefing Presentation, page-2
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