DJ GEVELOT S.A.: ANNUAL GENERAL MEETING JUNE 12, 2025 PRESS RELEASE
GEVELOT S.A.
GEVELOT S.A.: ANNUAL GENERAL MEETING JUNE 12, 2025 PRESS RELEASE
12-Jun-2025 / 17:30 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
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GEVELOT S.A.
Limited company capitalised at 26,322,590 euros
Head office: 6, boulevard Bineau 92300 Levallois-Perret, France
562 088 542 R.C.S. NANTERRE
PRESS RELEASE - 12 JUNE 2025
The Combined General Meeting held on June 12, 2025, approved the annual financial statements as well as the
consolidated financial statements for the 2024 fiscal year.
All the Ordinary and Extraordinary Resolutions proposed by the Board of Directors were adopted.
The consolidated revenue for the 2024 fiscal year, primarily generated by the Pumps Sector (with the other sector
related to the Holding's real estate activities), amounted to EUR138.1 million compared to EUR151.2 million in 2023,
representing a decrease of 8.7%. At constant exchange rates, the decrease was 6%, mainly due to unfavorable changes in
North American currencies.
The 2024 fiscal year was marked by significant commercial difficulties in the Middle East and Asia-Pacific regions,
partially offset by stronger performances in Europe and North America. The Group also faced a less favorable product
mix and underutilization of certain production capacities, particularly in Canada, resulting in unabsorbed fixed costs
and exceptional provisions on inventories.
The net income attributable to Gévelot, the consolidating entity, for the 2024 fiscal year amounted to a profit of EUR3.3
million, compared to a profit of EUR13.3 million in 2023. This decline is mainly due to the contraction of current
operating income, particularly linked to the weaker performance of the Pumps sector.
The parent company Gévelot recorded a positive result of EUR17.8 million in 2024, compared to EUR3.5 million in 2023, also
a profit, thanks to the improvement in financial income. In 2024, this consisted primarily of a special dividend of
EUR15.0 million received from PCM SA, compared to EUR2.3 million in 2023.
It was decided to distribute a dividend of EUR5.00 per share, payable as of June 20, 2025, the same amount as last year.
In a global environment marked by high financial market volatility, ongoing geopolitical tensions, and rising tariffs
in the United States, the world economy faces growing uncertainties. These factors represent potential economic risks
for our Group.
In response to this complex context, Gévelot reaffirms its ambitious development strategy, based on targeted
investments in its commercial and industrial activities. These investments, though significant, are aimed at generating
sustained growth and increased profitability over the medium and long term.
Backed by a solid financial structure, the company has the necessary resources to confidently continue implementing its
strategic roadmap. Gévelot thus approaches the future with determination, in a spirit of sustainable, balanced, and
controlled growth.
Website Gévelot, Euronext Growth, Amf (Onde)
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Regulatory filing PDF file
File: GEVELOT CGM 12 JUNE 2025 PRESS RELEASE
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Language: English
Company: GEVELOT S.A.
6 Boulevard Bineau
92300 LEVALLOIS-PERRET
France
Phone: +33 1 77 68 31 03
Fax: +33 1 77 68 31 05
E-mail: contact@gevelot-sa.fr
Internet: www.gevelot.fr
ISIN: FR0000033888
Euronext Ticker: ALGEV
AMF Category: Inside information / News release on accounts, results
EQS News ID: 2154500
End of Announcement EQS News Service
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2154500 12-Jun-2025 CET/CEST
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