Turnover: 21.2 million EUR (2023)

Country: France

  • Launched in 2016, Largo is a French reconditioning player.
  • In 2021, the company went public and raised 24 million euros.
  • Its strategy is to focus on automation and quality after-sales service.

News

Largo wants to convert companies to refurbished smartphones 26/10/2023

  • Largo is one of the leading smartphone refurbishers with its own factory in France.
  • The company, based in Nantes, has 100 employees.
  • Since its creation in 2016, Largo has put over 320,000 smartphones and tablets back on the market.
  • The company now reconditions around 100,000 devices a year.
  • Since 2021, the Agec law requires at least 20% refurbished in public orders.
  • Largo's sales target for 2022 was 21 million euros
  • Sales to French companies of refurbished smartphones for their employees represented just 6% of Largo's sales in 2022.
  • Largo is counting on acculturation work carried out by distributors such as Inmac Wstore, Econocom and Tibco to increase sales of refurbished products to companies.
  • Largo had been sourcing mainly from American brokers, but has now set up a system for collecting phones in France.
  • Around 3.2 million used phones are sold in France.

Smartphones: the ambitions of Largo, the little prince of refurbishing 01/02/2023

  • Listed on Euronext Growth for two years
  • 21 million euros in sales by 2022
  • 100 employees
  • 1,300 appliances reconditioned every month
  • Largo sells 60% to mass retailers

Largo: refurbished smartphones are all the rage 02/01/2023

  • 10.3 million in sales by 2020
  • 38 employees in 2020
  • Some devices are imported from the USA
  • In 2020, it reconditioned just over 46,000 smartphones, out of a total of 140,000 since its inception

Financial Data

DUNS: 821173572

Legal Name: LARGO

Address: 4 RUE JEAN MERMOZ , 44980 SAINTE-LUCE-SUR-LOIRE

Number of employees: Entre 20 et 49 salariés (2019)


Financial Data:

Year Turnover (€) Net Profit (€) Fiscal Year End Fiscal Year Duration
2020 10 288 231 EUR -2 375 853 EUR 31/12/2020 12
2019 9 301 888 EUR -962 995 EUR 31/12/2019 12
2018 7 481 584 EUR -860 982 EUR 31/12/2018 12
2017 6 331 694 EUR 65 802 EUR 31/12/2017 12
2016 1 132 330 EUR 25 416 EUR 31/12/2016 7

Studies mentioning this company

The refurbished computer equipment market - France

Other companies mentioned:

  • Apple
  • Cdiscount (CNova)
  • Recommerce
  • Largo
  • Save
  • Evernex
  • Keeep
  • Okamac - Sens technologie
  • ASWO
  • Codeo
  • Easy Cash
  • Smaaart - Econocom Factory (Econocom Groupe)
The reconditioned smartphone market - France

Other companies mentioned:

  • Back Market
  • YesYes
  • Largo
  • Recommerce
  • Cdiscount (CNova)
  • Save
  • Ecodair
  • Itancia
  • CEAT Electronique
  • DPA Europe Reborn
  • Keeep
  • Mobile Club
  • Orange Groupe
  • Cordon Groupe
  • ASWO
  • Codeo
  • Media Clinic
  • Easy Cash
  • Smaaart - Econocom Factory (Econocom Groupe)