Thanks for your write-up. I noticed in the 2024 Annual Report (Note 6.8, p. 119) that donations were pretty high (€1.47 million in 2024), while reported EBIT was only €12.5 million. In previous years, donations weren't insignificant either.
Do you have any idea which organizations received these donations? Why did they donate so much? Does the company or its shareholders benefit from it in any way? Is there any indication that these donations went to a related party?
Hello Carlos,
Thanks for your write-up. I noticed in the 2024 Annual Report (Note 6.8, p. 119) that donations were pretty high (€1.47 million in 2024), while reported EBIT was only €12.5 million. In previous years, donations weren't insignificant either.
Do you have any idea which organizations received these donations? Why did they donate so much? Does the company or its shareholders benefit from it in any way? Is there any indication that these donations went to a related party?
Unfortunately, I could not find any information on the subject. The company is not very transparent in this respect.
Do French companies avoid publishing financial reports in English, or am I just looking in the wrong place?
Good write up. I am just concerned with AI and b2b sales. the big desktop computer worker is going to probably be less and less common?
It could be a long-term risk. But I think the company is cheap enough.