Floorcoverings manufacturer Belysse, formerly known as Balta, has reported a decline in fourth quarter and full year sales.

According to its latest trading update, total Q4 2024 sales fell 5.7% to €67.6m from €71.7m in 2023. Sales in Europe fell 12.3% to €30m, while revenues in the US rose 0.3% to €37.6m.

As for the full year, total 2024 sales were down 6.8% to €280.4m from €300.9m in 2023. Sales in Europe fell 10.2% to €125.9m, while revenues in the US declined 3.9% to €154.5m.

Adjusted EBITDA resulted at €42.4m, up 26% from €33.7m recorded in the previous year with margin rising from 11.2% to 15.1%.

Commenting on its performance, James Neuling, CEO, said: “Despite continued soft market backdrop, Group margins and EBITDA have significantly improved, with both regions contributing. I want to thank the team who continue to work hard on commercial excellence, efficiency and costs while we are waiting for the markets to recover.

“We also progressed well in our sustainability program, achieving further reductions in CO2 emissions per m2 produced, increasing the share of certified recycled content and successfully re-certifying collections to the latest Cradle-to-Cradle standards. Additionally, we established SBTI targets taking us through to 2023.”

Furthermore, the group has announced the appointment of Claire Knollys to its board as a non-executive director. Claire is a director at Hudson Advisors UK Limited.