In a market undergoing transformation, Kumulus Vape has delivered strong results. The year 2024 stood out as a turning point, with a significant improvement in profitability metrics—clear validation of the Group’s strategic choices.
Despite a slight decline in revenue, Kumulus Vape’s financial fundamentals strengthened considerably. Net income rose by 41% to €2.6 million, while EBITDA increased by over 15% to €4.1 million. These results underscore the resilience of the Group’s business model, operational efficiency, and disciplined cost management in an inflationary environment.
The physical retail network, powered by the Cigaverte brand, continued its growth momentum, with a 10% increase over the year. This performance highlights the relevance of the Group’s franchise expansion strategy and the enduring consumer demand for local, personalized service.
On the financial front, the Group’s position also improved: available cash reached €5.6 million and gross debt decreased by 17%, reflecting a sound and balanced financial structure.
In line with its commitment to long-term value creation, Kumulus Vape will propose a dividend of €0.17 per share at the upcoming Annual General Meeting.
With this positive momentum, the Group enters 2025 with confidence and ambition. It confirms its revenue target of €62 million, driven by the continued rollout of the Cigaverte network, enhanced customer loyalty initiatives, and the strengthening of its B2B partnerships.