Omer-Decugis & Cie, an international group dealing in fresh and exotic fruits and vegetables, announces its annual results for the 2023/24 financial year (ended 30 September 2024), as approved by the Board of Directors on 24 January 2025, and its revenue for Q1 2024/25 (from 1 October to 31 December 2024). The 2023/24 annual financial report will be made available to the public no later than 31 January 2025.
Omer-Decugis & Cie achieved €247 million in revenue for the 2023/24 financial year, representing a 19.7% increase (+13% organic growth) compared to the previous year. This growth, driven by the delivery of nearly 160,000 tons of fruit and vegetables, highlights the Group's capacity to meet rising market demand. The company has surpassed its IPO revenue target more than a year ahead of schedule, continuing its historic growth trajectory with 14 consecutive years of revenue increases. Over the 2020–2024 period, the Group has maintained an average annual growth rate of 19.9%.
The SIIM division, which accounted for 75.2% of the Group's total revenue, reported €185.6 million in revenue for 2023/24, reflecting a 20.3% increase (+16.8% organic growth) compared to the previous year. This performance was bolstered by the expansion of small exotic and ethnic product ranges, alongside a stronger seasonal product offering. The BAMA segment, which contributed 75.8% of total tonnage and 64.3% of revenue, continued to drive growth. International sales represented 30% of total revenue.
The Bratigny wholesale division, contributing 24.8% of the Group's total revenue, posted €61.3 million in revenue for 2023/24, an increase of 17.9% (+1.5% organic growth). This achievement came despite challenges in domestic seasonal production. The division leveraged expanded sales outlets in pavilion D2 at the Paris-Rungis International Market and enhanced its commercial offering. Synergies from recent acquisitions, including Anarex and Champaris, further supported the growth of the ethnic product range and seasonal offerings from national and European production.
Improved operating performance indicators
The Group reported a gross margin of €36.9 million for 2023/24, representing a margin rate of 15%, an improvement of 3.1 basis points compared to the previous financial year. Operating efficiency measures implemented during the previous year continued to yield positive results, with recurring EBITDA reaching €6.7 million—an increase of €4.7 million compared to the previous year. The EBITDA margin rose to 2.7%, up by 1.7 basis points.
While the second half of the financial year saw lower EBITDA due to import campaigns affected by climate change, the Group confirmed its return to profitability over the full year. After accounting for net depreciation, amortization, and provisions of €2.6 million, operating profit for 2023/24 improved significantly, reaching €4.1 million—an increase of €3.7 million compared to the previous year.
To view the full report, click here.
For more information:
Emeline Pasquier
Omer-Decugis & Cie
Tel: +33 (0)1 45 12 29 6
Email: epasquier@omerdecugis.com
www.omerdecugis.com