Elverys Reports 7% Decline in Pre-Tax Profits for 2024 Amid Revenue Dip
Elverys' operator, Staunton Sports Ltd, reported a 7% decline in pre-tax profits to €6.59 million for 2024, following a strong 2023 driven by the Rugby World Cup. Revenue dipped 2% to €126.6 million. Despite inflation pressures, the company maintains financial robustness with net assets increasing to €38.8 million. Capital expenditures focused on warehouse automation and digital upgrades, while plans for 2025 include further investments in sustainability and customer experience.
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Staunton Sports Ltd, operator of Intersport Elverys, reported a 7% decline in pre-tax profits to €6.59 million for 2024, with revenues falling 2% to €126.6 million. Despite these declines, the company maintained a stable gross margin of 42.8% and increased net assets to €38.8 million.
Capital investments were directed towards warehouse automation and digital system upgrades. The firm plans to enhance online infrastructure and sustainability initiatives in 2025. The average number of employees rose to 586, with staff costs increasing to €17.6 million.
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