KUMULUS VAPE: 2021: Year of Performance-April 19, 2022 18:00

2021: 1 year performance

  • Sales target exceeded: + 53%

  • Operating profit: + 73%

  • Final result: + 62%

New ambitions for 2022

  • Target: Sales of 40 million euros

  • The perfect start of the year

Kumulus Vape (ISIN: FR0013419876-Mnemonic: ALVAP) is an e-tailer specializing in the sale of e-cigarettes and related products (equipment, e-liquids, accessories), grouped under the term “vape”. Today, the annual results for the 2021 fiscal year. The account was approved by the Board of Directors on April 19, 2021.

Annual Accounting-K €

2021

2020

change (%)

turn over

34,479

22,491

+ 53%

gross profit

6,874

4,459

+ 54%

EBITDA

2,225

1,301

+ 71%

Business results

1,985

1,145

+ 73%

As a percentage of sales

5.8%

5.1%

Current results

2008

1,151

+ 74%

Net income group share

1,334

826

+ 62%

Rémi Baert, Chairman, CEO and Founder of Kumulus Vape, declared in publishing these results:

“2021 will be a crucial year for us with the transition to Euronext Growth, but it is also a decisive development in our business plan. From an organizational, service-rich, social and environmental commitment perspective. We have also seen progress in structuring, which is reflected in our performance this year and we are in a strong position to continue to take advantage of the tremendous opportunities in our market. Is approaching 2022 with firm confidence and new growth goals. It is to exceed the milestone of € 40 million in sales. We must always pay attention to the evolution of our margins. Goal. Follow the path: It’s up to us to succeed again this year! »»

53% growth, exceeded sales target

In 2021, Kumulus Vape closed the fiscal year with sales of € 34.5 million, up 53% from 2020, nearly 8% above the group’s target of € 32 million. Revenues increased 59.1% to € 29.6 million and the BtoB market was once again at the heart of this strong performance. In the BtoC market, activity remained strong with revenues of € 4.7 million, up 27%.

Strong resulting growth, rising margins

Throughout the fiscal year, Kumulus Vape recorded a gross profit of € 6.9 million, an increase of 54.0% compared to 2020. This represents almost 20% of stable sales compared to 2020.

Earnings before interest (EBITDA) surged 71% to € 2.2 million (that is, 6.5% of revenue compared to 5.8% in 2020). This change benefited from full control of operating expenses during the period.

Therefore, other purchases and external costs amounted to € 2.5 million, equivalent to 7.3% of revenue compared to 7.9% in 2020. Salaries and social costs have also increased by 53% and are fully controlled at 6% of sales, as in 2020. , The company can expect the integration of 11 new employees, bringing the total number of employees to 57.

Operating profit also increased significantly, from € 1.2 million to € 2 million, an increase of 73%. In other words, the operating margin increased significantly from 5.1% in 2020 to 5.8% of sales. This includes a modest increase in depreciation costs. Reserve of 282,000 euros against 257,000 euros in 2020.

Current pre-tax revenues increased 74% to over € 2 million. After considering financial results and taxes, the Group’s net income will increase by 62% compared to 2020 to € 1.3 million.

Enhanced financial structure

Kumulus Vape has available cash of 2.8 million euros (3 million euros in 2020), shareholders’ equity of 9.3 million euros (4.7 million euros in 2020) and financial debt of 317,000 euros (918 million euros). We have closed the fiscal year. 2020). Do you have Following the introduction of Euronext Gross Paris, the capital of Kumulsvape consisted of 2,847,311 shares, totaling 142,000 euros. The issuance premium, excluding warrants, was € 6.3 million, an increase of € 3.2 million.

In 2022, we aim to reach our new goal of € 40 million in sales.

After this new successful year, Kumulus Vape confidently confirmed its goal of 2022 sales of € 40 million. The direction of activity at the beginning of the fiscal year reinforces this goal.

Over the next few months, Kumulus Vape will also benefit from new privileged partnership agreements to support growth. Key areas of strategy are also pursued: strengthening marketing and sales efforts, especially the rise of own brands with the prospect of investing in bottling chains, or the search for acquisition opportunities … online prospects, strong growth and margins Willingness to combine the rise of.

Next meeting:

Revenue for the first quarter of 2021

May 5th


About Kumulus Vape

Kumulus Vape has rapidly become at the forefront of French vape players. Since its establishment in 2012, we have been promoted on the mission of providing safe and efficient alternatives to smoking cigarettes through e-cigarettes to reduce their health and environmental impact. From this perspective, Kumulus Vape is building one of the richest e-cigarette catalogs on the market, with over 7,000 references available through e-commerce platforms such as individuals and specialty stores.

Pulp e-liquid

((((

Pulp e-liquid wholesaler

). In 2021, despite exceptional circumstances, we achieved sales of more than € 34.5 million, up 53%. The company is based in Colva, Lyon’s Metropolis, and currently employs more than 50 people. Kumulus Vape has been listed in Euronext Growth since June 2021 (ALVAP / ISIN code: FR0013419876).

contact address

Kumulsvape

Acty fin

Acty fin

Vincent Bauduin

Communication director

Isabelle Dray

Public relations

Nicholas Lin

Financial communication

[email protected]

06 10 84 52 59

[email protected]

01 56 88 11 29

[email protected]

01 56 88 11 24


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