It's a beautiful story Kumulus Vape has been living since its IPO. Indeed, for the third quarter of 2022, the company recorded revenue of €15,2 million, up 90,3% compared to the same period last year.
KUMULUS VAPE, A GREAT SUCCESS!
Visionary? Rémi Baert, Founding President of Kumulus Vape has reason to be proud of the latest financial results published. Indeed, Kumulus Vape has already achieved a real challenge: 90% of the annual objective has already been achieved.
For the third quarter of 2022, Kumulus Vape recorded a turnover of €15,2 million, up 90,3% compared to the same period last year. This strong growth is completely organic. Cumulatively over the first 3 quarters, the turnover achieved (€40,1 million) exceeds the total activity for the year 17 by more than 2021%, once again underlining the power of the company's model.
On Boursorama, Rémi Baert seems satisfied with this incredible growth: “ Once again, our team has demonstrated its ability to win, quarter after quarter, decisive market shares for the future. At the dawn of important commercial deadlines such as Black Friday, we are approaching the last quarter with unshakeable confidence, despite the still degraded general context. The reinforcement of our BtoB commercial team should also start to produce tangible effects by the end of the year. Here we are in battle order to make this year an excellent vintage."
With a whole bunch of projects in the pipeline, including Second Vape which we have already told you about, there is no doubt that Kumulus Vape to a bright future that awaits him. Note that Kumulus Vape is currently celebrating its 10th anniversary.
