Belysse Revenue Down 8.3% in Q1, with U.S. Business Down 11.3%

Waregem, Belgium, May 10, 2024-Belysse, owner of Bentley and Modulyss, reported group revenue declined 8.3% YOY to 70.3 million Euros in Q1 2024.

U.S. business was down 11.3%, while European business was down 5.5%.

The company says, “The first quarter Consolidated Group Revenue for 2024 reflects softer activity in Bentley Mills’ project driven business and lower market demand in the European Residential business line.”