Vente-unique.com: Revenue Up by 15.2% in the First Half, International Growth Accelerates
Vente-unique.com increased its revenue to €112.7M in the first half of FY 2025-2026, up by 15.2%, while the overall business volume rose by 20.9% to €159.7M. The acceleration is evident from the first quarter (+11.7%) to the second quarter (+18.9%), primarily driven by international expansion, which now accounts for 54% of the group's sales. The challenge for investors lies in maintaining profitability amidst a significant geographical expansion program.
International Sales Now Exceed Half of the Group's Total
E-commerce revenue grew by 15.1% to €110.7M, while logistics revenues increased by 22.9% to €2.0M. However, it is primarily the international regions driving growth. Northern and Eastern Europe saw a 22.5% increase over the semester, benefiting from the opening in Scandinavia. Southern Europe, despite a high comparative base (25.7% growth in the previous first semester), achieved a 21.4% increase. France, in a less dynamic market, maintained a growth of 7.7%. The group's marketplace has shown a particularly strong trajectory, with growth exceeding 70%. It now represents 19.5% of the e-commerce business volume, up by 4.5 points over a year.
Adjusted EBITDA Margin Expected Around 10% Despite Expansion Costs
The adjusted EBITDA margin for the first half is anticipated around 10%, close to the level generated over the entire 2024-2025 fiscal year (10.4%) and higher than that of the second half of 2024-2025 (9.5%). This expected margin comes as the group continues several commercial and geographical openings. The group's second warehouse, located in Moulins and serving customers in Southern France and Southern Europe, will be fully operational by the end of the month following the opening of the last three cells. Its startup costs are impacting the semester margin.
An Opening Program to Strengthen Future Growth
In April 2026, Vente-unique.com launched its e-commerce and marketplace offerings in the UK and Ireland, a set presented as one of the main European furniture markets behind Germany. The marketplace simultaneously opened in Scandinavia (Denmark, Norway, Sweden), allowing the group to cover 16 European countries. Two new installations of its Habitat brand are also underway in the Netherlands and Italy. For the remainder of the fiscal year, the group expresses confidence in its ability to continue gaining market shares in Europe, despite an unstable global geopolitical context. A dividend of €0.50 per share, up by 31.6% over a year, will be detached on June 3, 2026.
