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Smartphoto group sales go up in fiscal 2024 but earnings decline due to targeted investments, faces takeover bid Earnings reports 

Smartphoto group sales go up in fiscal 2024 but earnings decline due to targeted investments, faces takeover bid

Belgium-based e-commerce leader Smartphoto group reported an increase in revenue to 80.5 million euro in 2024 thanks to a strong second half and an even stronger last quarter. This growth of 4.0% (or 3.1 million euro) was achieved in a challenging economic environment, with continued pressure on consumer spending and market uncertainties. The company also revealed that Alyrick announced the... Read More
Smartphoto group reports reports 4% increase in revenue for full-year 2024 Earnings reports 

Smartphoto group reports reports 4% increase in revenue for full-year 2024

Smartphoto group, the e-commerce group from Wetteren, Belgium, realized an increase in revenue to 80.5 million euros in 2024, thanks to a strong second half and an even stronger last quarter. This growth of 4.0% (or 3.1 million euro) was achieved in a challenging economic environment, with continued pressure on consumer spending and market uncertainties, the company said. The smartphoto... Read More
Smartphoto group acquires System Insight Holdings Acquisitions 

Smartphoto group acquires System Insight Holdings

Smartphoto group, the Belgian e-commerce group and personalized photography products and gifts company, announced the acquisition of System Insight Holdings, a well-established U.K. company specializing in event and souvenir photography under the commercial name Image Insight. With this acquisition, smartphoto adds a valuable new component to its growing B2B division, strengthening our commitment to capturing and preserving life’s most memorable... Read More
Smartphoto group shows resilience with growth in 2023 Earnings reports News 

Smartphoto group shows resilience with growth in 2023

Wettern, Belgium-based Smartphoto group released preliminary results for the full year 2023. The company realized an increase in revenue to 77.3 million euro in 2023, an increase of 1.4% (or 1.0 million euro) was achieved in a year that company management characterized as”very difficult economic conditions, due to, among other things, the continuation of the war in Ukraine, the return... Read More