EQS-News

Veganz reports continuous improvement of Gross Profit Margin in Q1 2024 - Seite 2

 

Broad presence in all channels

In the first three months of 2024, food retail continues to account for the largest share of sales at 54% (previous year: 59%). The drugstore business was in second place with 35% (previous year: 29%). Compared to the same period last year, Veganz can report the  first sales in D2C, which further strengthens our presence in a new channel. Additionally, the new channel kiosks was entered towards the end of Q1 with our core confectionery category.

 

 

in EUR million	3M 2024	3M 2023
Drugstore	1,3	1,5
Food retail	2,0	3,0
Food Service	0,2	0,2
Discount	0,1	0,4
D2C	0,1	0,0
Total	3,7	5,1

 

Germany remains the most important sales market

With a sales share of 94%, the DACH region (Germany, Austria, Switzerland) was still the most important sales market in the first quarter of 2024 (previous year: 95%). At 74%, Germany remained the largest individual market and still hast he strongest focus (previous year: 76%). At 6%, the share of sales in the rest of Europe was slightly above the previous year’s level (previous year: 5%).