Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 5 highly experienced directors. 1 independent director (4 non-independent directors). Independent Director Yves D'Amato was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Apr 24
Loewe Technologies GmbH proposed to acquire an unknown minority stake in VEOM Group SA (ENXTPA:ALVG). Loewe Technologies GmbH proposed to acquire an unknown minority stake in VEOM Group SA (ENXTPA:ALVG) on April 16, 2026. The Court has adopted the plan for the partial sale of the company in favor of the company under German law Loewe Technology. This partial sale plan, examined at the hearing on 16 April, was the only takeover offer received by the court-appointed administrator, the company FHBX represented by Mr Jean-François Blanc. Veom Group announces that as part of the receivership proceedings to which the company has been subject, the Commercial Court of Montpellier has decided, by judgment rendered on April 20, 2026 and at the request of the judicial administrators, to convert Veom Group's receivership proceedings into judicial liquidation, opened on March 9, 2026. This partial sale plan to Loewe Technology allows the takeover of 4 out of 14 employees. No takeover offer has been made for Veom Groupe's stake in the Belgian subsidiary Chacon. The liquidator will therefore very soon request Euronext to delist VEOM Group shares from the Euronext Growth market in Paris.
The transaction is subject to approval of bankruptcy court. New Risk • Apr 19
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2025. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (20% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (€216.0k market cap, or US$254.1k). Minor Risks Negative equity (-€3.4m). Latest financial reports are more than 6 months old (reported June 2025 fiscal period end). Board Change • Mar 13
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. No experienced directors. 6 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Genevieve Blanc was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. New Risk • Jan 08
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of French stocks, typically moving 11% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€1.1m free cash flow). Share price has been highly volatile over the past 3 months (11% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (€1.44m market cap, or US$1.68m). Minor Risk Negative equity (-€3.4m). New Risk • Oct 06
New major risk - Revenue and earnings growth Earnings have declined by 10% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Less than 1 year of cash runway based on free cash flow trend (-€1.1m free cash flow). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings have declined by 10% per year over the past 5 years. Market cap is less than US$10m (€1.45m market cap, or US$1.70m). Minor Risk Negative equity (-€3.4m). Announcement • May 20
VEOM Group, Annual General Meeting, Jun 24, 2025 VEOM Group, Annual General Meeting, Jun 24, 2025. Location: 93 place pierre duhem, montpellier France New Risk • Apr 25
New minor risk - Negative shareholders equity The company has negative equity. Total equity: -€2.0m This is considered a minor risk. Being in negative equity means that the company's liabilities exceed its assets, meaning it owes more to creditors than it has in owned assets. While this doesn't mean the company is about to collapse, in the long-term, this is unsustainable. The company may have issues meeting financial obligations, is at risk of becoming insolvent and may have difficulty raising capital, especially more debt, if needed. It should be noted that some of the negative equity could be due to large buybacks of stock, which is not as much of a risk as a company with overwhelming debt, but likewise is not sustainable in the long-term. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (29% average weekly change). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Market cap is less than US$10m (€1.60m market cap, or US$1.81m). Minor Risk Negative equity (-€2.0m). Reported Earnings • Apr 25
Full year 2024 earnings released Full year 2024 results: Revenue: €20.3m (down 19% from FY 2023). Net loss: €3.89m (loss widened 90% from FY 2023). New Risk • Apr 14
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2024. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (28% average weekly change). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Market cap is less than US$10m (€1.60m market cap, or US$1.82m). Minor Risk Latest financial reports are more than 6 months old (reported June 2024 fiscal period end). Major Estimate Revision • Nov 16
Consensus EPS estimates fall by 21% The consensus outlook for earnings per share (EPS) in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €23.3m to €21.1m. Losses expected to increase from €0.36 per share to €0.43. Electronic industry in France expected to see average net income growth of 4.1% next year. Consensus price target down from €0.20 to €0.10. Share price fell 3.6% to €0.14 over the past week. Reported Earnings • Sep 30
First half 2024 earnings released First half 2024 results: Revenue: €10.2m (down 15% from 1H 2023). Net loss: €1.80m (loss widened 64% from 1H 2023). Revenue is forecast to grow 5.5% p.a. on average during the next 3 years, compared to a 24% growth forecast for the Electronic industry in France. Major Estimate Revision • Jul 26
Consensus revenue estimates fall by 13% The consensus outlook for revenues in fiscal year 2024 has deteriorated. 2024 revenue forecast decreased from €26.8m to €23.3m. Forecast losses increased from -€0.32 to -€0.36 per share. Electronic industry in France expected to see average net income growth of 71% next year. Consensus price target down from €0.50 to €0.30. Share price rose 6.7% to €0.24 over the past week. New Risk • Jul 25
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €2.0m Forecast net loss in 3 years: €800k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (22% average weekly change). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Market cap is less than US$10m (€1.78m market cap, or US$1.93m). Minor Risk Currently unprofitable and not forecast to become profitable over next 3 years (€800k net loss in 3 years). Buy Or Sell Opportunity • Jul 09
Now 20% overvalued Over the last 90 days, the stock has fallen 17% to €0.20. The fair value is estimated to be €0.17, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 6.1% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 66% in the next 2 years. New Risk • Jun 21
New major risk - Shareholder dilution The company's shareholders have been substantially diluted in the past year. Increase in shares outstanding: 214% This is considered a major risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (23% average weekly change). Shareholders have been substantially diluted in the past year (214% increase in shares outstanding). Market cap is less than US$10m (€1.92m market cap, or US$2.05m). Major Estimate Revision • Jun 19
Consensus EPS estimates upgraded to €0.32 loss The consensus outlook for fiscal year 2024 has been updated. 2024 losses forecast to reduce from -€0.69 to -€0.32 per share. Revenue forecast unchanged from €26.8m at last update. Electronic industry in France expected to see average net income growth of 41% next year. Consensus price target down from €0.80 to €0.50. Share price fell 7.3% to €0.25 over the past week. Buy Or Sell Opportunity • May 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 38% to €0.31. The fair value is estimated to be €0.25, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue is forecast to grow by 14% in 2 years. Earnings are forecast to grow by 75% in the next 2 years. New Risk • May 19
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 42% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (11% average weekly change). Market cap is less than US$10m (€956.4k market cap, or US$1.04m). Minor Risk Shareholders have been diluted in the past year (42% increase in shares outstanding). Announcement • May 15
VEOM Group, Annual General Meeting, Jun 21, 2024 VEOM Group, Annual General Meeting, Jun 21, 2024. Location: 93 place pierre duhem, montpellier France Reported Earnings • Apr 28
Full year 2023 earnings released: €0.78 loss per share (vs €1.42 profit in FY 2022) Full year 2023 results: €0.78 loss per share (down from €1.42 profit in FY 2022). Revenue: €25.0m (down 11% from FY 2022). Net loss: €2.05m (down 157% from profit in FY 2022). Revenue is forecast to grow 6.3% p.a. on average during the next 3 years, compared to a 19% growth forecast for the Electronic industry in France. Price Target Changed • Apr 24
Price target decreased by 13% to €1.30 Down from €1.50, the current price target is provided by 1 analyst. New target price is 458% above last closing price of €0.23. Stock is down 91% over the past year. The company is forecast to post a net loss per share of €1.08 compared to earnings per share of €1.42 last year. New Risk • Apr 21
New minor risk - Financial data availability The company's latest financial reports are more than 6 months old. Last reported fiscal period ended June 2023. This is considered a minor risk. If the company has not reported its earnings on time, it may have been delayed due to audit problems or it may be finding it difficult to reconcile its accounts. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.8% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (18% average weekly change). Earnings are forecast to decline by an average of 48% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (€595.1k market cap, or US$634.0k). Minor Risk Latest financial reports are more than 6 months old (reported June 2023 fiscal period end). New Risk • Oct 15
New major risk - Earnings quality The company has a high level of non-cash earnings. Accrual ratio: 23% This is considered a major risk. Non-cash earnings can arise from many different things. However, if a company consistently has a high level of non-cash earnings, it may be a sign that they are recognizing revenue from customers before the full value of the sales are received as cash or they are not depreciating the value of their assets appropriately. These are practices that inflate earnings, while not providing a similar increase to cash flows. Companies in some select industries naturally have a high level of non-cash earnings and it is not a major concern. However, in the worst case scenario it can be an early sign of performance manipulation by management. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (5.8% operating cash flow to total debt). Share price has been highly volatile over the past 3 months (16% average weekly change). Earnings are forecast to decline by an average of 46% per year for the foreseeable future. High level of non-cash earnings (23% accrual ratio). Market cap is less than US$10m (€1.42m market cap, or US$1.49m). Reported Earnings • Oct 01
First half 2023 earnings released First half 2023 results: Revenue: €11.9m (down 3.8% from 1H 2022). Net loss: €1.80m (loss widened 118% from 1H 2022). Revenue is forecast to grow 9.7% p.a. on average during the next 3 years, compared to a 18% growth forecast for the Electronic industry in France. Price Target Changed • Feb 05
Price target decreased by 26% to €8.00 Down from €10.80, the current price target is provided by 1 analyst. New target price is 349% above last closing price of €1.78. Stock is down 56% over the past year. The company is forecast to post earnings per share of €0.13 next year compared to a net loss per share of €0.63 last year. Buying Opportunity • Nov 28
Now 45% undervalued after recent price drop Over the last 90 days, the stock is down 20%. The fair value is estimated to be €4.40, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Board Change • Nov 16
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Genevieve Blanc was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Sep 30
First half 2022 earnings released: EPS: €0 (vs €0.45 loss in 1H 2021) First half 2022 results: EPS: €0 (improved from €0.45 loss in 1H 2021). Revenue: €12.4m (down 9.1% from 1H 2021). Net loss: €829.0k (loss narrowed 27% from 1H 2021). Revenue is forecast to grow 10.0% p.a. on average during the next 3 years, compared to a 20% growth forecast for the Electronic industry in France. Price Target Changed • Apr 27
Price target decreased to €11.05 Down from €12.55, the current price target is an average from 2 analysts. New target price is 211% above last closing price of €3.55. Stock is down 30% over the past year. The company is forecast to post a net loss per share of €0.27 next year compared to a net loss per share of €2.37 last year. Board Change • Apr 27
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 1 experienced director. 5 highly experienced directors. 2 independent directors (4 non-independent directors). Independent Director Genevieve Blanc was the last independent director to join the board, commencing their role in 2018. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Reported Earnings • Oct 16
First half 2020 earnings released: €0.69 loss per share (vs €1.35 loss in 1H 2019) The company reported a decent first half result with reduced losses and improved control over expenses, although revenues were weaker. First half 2020 results: Revenue: €11.8m (down 17% from 1H 2019). Net loss: €1.72m (loss narrowed 33% from 1H 2019). Breakeven Date Change • May 20
Forecast to breakeven in 2022 The 2 analysts covering Cabasse Group expect the company to break even for the first time. New consensus forecast suggests the company will make a profit of €1.01m in 2022. Average annual earnings growth of 82% is required to achieve expected profit on schedule. Major Estimate Revision • Feb 06
Analysts update estimates The 2020 consensus revenue estimate increased from €27.9m to €29.1m. The company's losses in 2020 are expected to worsen with analysts lowering their EPS forecasts from -€0.16 to -€0.27. The Electronic industry in France is expected to see an average net income growth of 4.7% next year. The consensus price target of €12.55 was unchanged from the last update. Share price is up 3.2% to €4.96 over the past week. Is New 90 Day High Low • Jan 05
New 90-day high: €4.76 The company is up 25% from its price of €3.80 on 07 October 2020. The French market is up 14% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Electronic industry, which is up 32% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is per share. Major Estimate Revision • Dec 01
Analysts update estimates The company's losses in 2020 are expected to improve with analysts raising their consensus EPS forecasts from -€0.30 to -€0.16. No change was made to the revenue estimate which at the last update was €27.9m. The Electronic industry in France is expected to see an average net income growth of 26% next year. The consensus price target of €12.55 was unchanged from the last update. Share price is up 9.4% to €4.34 over the past week. Reported Earnings • Oct 04
First half earnings released Over the last 12 months the company has reported total losses of €4.66m, with losses widening by 19% from the prior year. Total revenue was €28.3m over the last 12 months, up 2.3% from the prior year. Major Estimate Revision • Oct 02
Analysts update estimates The 2020 consensus revenue estimate was lowered from €28.3m to €27.9m. The company's losses in 2020 are expected to improve with analysts raising their EPS forecasts from -€0.79 to -€0.30. The Electronic industry in France is expected to see an average net income growth of 0.01% next year. The consensus price target increased from €10.00 to €12.60. Share price is up 7.5% to €3.84 over the past week. Price Target Changed • Oct 01
Price target raised to €12.60 Up from €9.60, the current price target is an average from 2 analysts. The new target price is 255% above the current share price of €3.55. As of last close, the stock is up 8.7% over the past year. Announcement • Sep 15
EGLO Leuchten GmbH signed a share purchase agreement to acquire Retail connected lighting activities of AwoX S.A. (ENXTPA:AWOX) at a valuation of €3 million. EGLO Leuchten GmbH signed a share purchase agreement to acquire Retail connected lighting activities of AwoX S.A. (ENXTPA:AWOX) at a valuation of €3 million on May 18, 2020. Under the terms, sale will take place in cash at a valuation of €3 million at a multiple turnover of 1.2x. Before completion, AwoX will make a partial contribution of assets by AwoX from its retail lighting branch of activity connected to a newly formed company, called AwoX Lighting and wholly owned by AwoX, on the basis of a valuation of €3 million. AwoX will then sell 100% shares in AwoX Lighting to Eglo. The target activities had a turnover of €2.5 million and an EBITDA loss of €0.74 million in 2019. Completion of the sale remains subject in particular to a process of information and consultation of employee representative bodies and to the approval of the partial contribution of assets by the shareholders of AwoX. On June 26, 2020, the shareholders of AwoX approved the transaction in a combined general meeting. Transaction is expected to close in the course of the 3rd quarter 2020. The proceeds from the sale of these connected Lighting retail activities will help strengthen AwoX's financial structure and continue its development in the world of Smart Home. Announcement • Sep 10
An unknown buyer acquired minority stake in AwoX S.A. (ENXTPA:AWOX) from iXO Private Equity. An unknown buyer acquired minority stake in AwoX S.A. (ENXTPA:AWOX) from iXO Private Equity on January 14, 2020.
An unknown buyer completed the acquisition of minority stake in AwoX S.A. (ENXTPA:AWOX) from iXO Private Equity on January 14, 2020.