Business
Vogo : H1 2025 revenue: €5.3m
Vogo : H1 2025 revenue:
About this update from Vogo Sa
[{"type":"text","content":"\n \n \n H1 2025 revenue: €5.3m\n \n \n Increase in contribution of TaaS revenue to more than 26% of total activity\n \n \n Growth and a further improvement in results expected for the full year\n \n \n \n VOGO (ISIN: FR0011532225 - ALVGO) is today publishing its revenue for the first half of 2025.\n \n \n Over the period, the company made revenue of €5.3m compared with €5.7m in the same period in 2024. This decrease, which incorporates a difficult comparison base (26% increase in revenue in the first half of 2024), does not call into question the sales momentum observed over the last few months, which led to revenue growth of 9% versus the second half of 2024.\n \n \n VOGO continued to develop its TaaS business model during the first half of the year. Revenue from this new recurring business model, which contributes more to profitability and guarantees customer loyalty, increased by 10.9% over the period.\n \n In €m\n \n \n Unaudited figures\n \n \n H1 2025\n \n \n H1 2024\n \n \n Change %\n \n \n Sport revenue\n \n \n 4.5\n \n \n 4.9\n \n \n -7.6%\n \n \n Industry revenue\n \n \n 0.9\n \n \n 0.8\n \n \n +5.7%\n \n \n Total revenue\n \n \n 5.3\n \n \n 5.7\n \n \n -5.7%\n \n \n o/w TaaS revenue\n \n \n \n 1.4\n \n \n \n 1.3\n \n \n \n +10.9%\n \n Revenue that incorporates a difficult comparison base Continued ramp-up of the TaaS model\n \n \n \n In the first half of 2025, VOGO made revenue of €5.3m, a decrease of 5.7%.\n \n \n This decrease incorporates a particularly difficult comparison base, the first half of 2024 having seen growth of more than 26%. Sequentially, revenue in H1 rose by 9% compared with the second half of 2024, confirming good business trends.\n \n \n Revenue from the TaaS model rose by 10.9% to €1.4m, representing 26.4% of total revenue compared with 22.5% in the first half of 2024. Revenue from the Sports business came to 32% of the total figure for H1 compared with 26% in the same period in 2024.\n \n \n Together with this growth in the contribution of the TaaS model to total activity, revenue from direct sales rose by 6.6%, accounting for 75% of revenue for the period. This increase in direct sales will also contribute positively to the trend in profitability.\n \n \n \n Trajectory in Sports still positive, growth in Industry\n \n \n The Sports business made revenue of €4.5m, down 7.6% on the first half of...