Analysis of CIBOX 2024 Results and 2025 Outlook

In 2024, CIBOX doubled its turnover to reach €9.8 million, with a notable acceleration in the second half (+143% compared to 2023). However, the company recorded an operating loss of €2.1 million as its Revin site ramped up. Gross margin increased to 22.9% of turnover.

In 2025, CIBOX continues its encouraging momentum with 15% growth in the first quarter. Production began at the permanent Revin site in April 2025. The site, which employs 30 people, is expected to increase its capacity with a planned second assembly line, increasing production to 600 electric bikes per day.

CIBOX relies on a diversified sales strategy, spanning digital and physical channels, with international sales accounting for 20% of the total. Sales of YEEP.ME brand products accounted for 68% of sales.