ORCHESTRA-PREMAMAN (EPA:KAZI) Orchestra : FIRST QUARTER 2017-2018 REVENUE
Directive transparence : information réglementée Information financière du premier trimestre
12/07/2017 17:40
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12 July 2017
Revenue growth in the first quarter of 2017/2018 +3.7%
In France:
- Textile segment broadly flat: +0.4%
- further increase in Childcare market share: +30.9% On the international
market, overall increase of 2.6%
FIRST QUARTER 2017-2018 REVENUE (unaudited data)
(1 March 2017 to 31 May 2017)
IFRS - In EURm First quarter First quarter Q1 2017/2018 vs. Q1
Unaudited 2016/2017 2017/2018 2016/2017
Branches 78.9 83.4 5.7%
Commission-affiliation 61.9 61.7 -0.3%
Internet 4.5 4.5 0.4%
Trading & Misc. 3.3 4.5 35.1%
Consolidated revenue 148.5 154.1 3.7%
of which France 90.8 94.8 4.4%
of which Belux 20.7 20.9 0.9%
of which International
(excl. Belux) 37.0 38.4 3.6%
During the first quarter of 2017/2018, i.e. between 1 March 2017 and 31 May
2017, the Orchestra- Prémaman Group posted consolidated revenue of EUR154.1m,
up 3.7% compared with the same period last year.
The Group continued to take market share during the quarter, in light of:
- the increase in surface area for the Orchestra brand operated in branches and
commission-affiliation (9,000 m2 net added during the quarter; 19,000 m2 net
added on a rolling 12-month basis),
- strong growth in the Childcare business: +14.3%; revenue from the Childcare
business totalled EUR28.0m and now accounts for 18.1% of total business
(versus 16.5% in the first quarter of 2016/2017).
Business was up by:
- 4.4% in France, with the Textile segment stable at +0.4%, and strong growth
in Childcare products of +30.9%,
- 2.6% on the international market, where activity was impacted by the change
in sales partner currently under way in Saudi Arabia.
Branch activity was up 5.7%, while commission-affiliation business was flat
despite the impact relating to Saudi Arabia. These two main distribution
channels account for 94.2% of consolidated revenue for the period.
At 31 May 2017, more than 1.8 million customers owned a Club card, up 4.3%
compared with at 31 May 2016. The Group continues to generate almost 92% of its
revenue with customers who are members of the Club.
Internet business was flat over the quarter; the Group opened an e-commerce
site in the USA at the end of May 2017, and at the end of June 2017 launched
the "ORCHESTRA" mobile app.
STORE NETWORK
(unaudited data)
In number and in
thousands of m2 28/02/2017 31/05/2017 Change
Unaudited Number Surface area Number Surface area 31/05/2017 vs
28/02/2017
Number Surface
Branches 310 188 319 194 9 6
Commission-
affiliation 255 105 246 107 -9 2
Total 565 293 565 302 0 9
Textile 443 149 436 148 -7 -1
Mixed stores and
megastores 122 144 129 154 7 10
Total 565 293 565 302 0 9
of which France 305 178 308 185 3 7
of which Belux 63 54 63 54 0 0
of which
International
(excl. Belux) 197 61 194 63 -3 2
Large format stores (mixed stores and megastores) now represent more than half
of the network's store space and a total of 129 stores.
The Orchestra-Prémaman Group, which is prioritising an improvement in
profitability, is continuing its franchise development strategy for large
format stores, bringing together children's clothes, maternity and childcare
products under the same roof.
The Group is currently working on preparations for the merger with Destination
Maternity. Orchestra Textile Newborn products are now on sale at 17 Destination
Maternity stores.
Upcoming events :
Annual General Meeting: 24 August 2017
Revenue in the second quarter of 2017/2018: 12 October 2017 after market
close
Contacts :
ACTIFIN - Stéphane RUIZ - +33 (0)1 56 88 11 15 - sruiz@actifin.fr
ACTIFIN - Victoire DEMEESTERE - 01 56 88 11 24 - vdemeestere@actifin.fr
ORCHESTRA-PREMAMAN
A public limited company with capital of EUR22,245,732
Head office : 200 avenue des Tamaris, Zac Saint Antoine, 34130 Saint-Aunès.
398 471 565 in the Montpellier Trade and Companies Register