Abéo Announces Consolidated Earnings Results for the First Half Ended September 30, 2018; Provides Earnings Guidance for the Second Half of 2018/19
December 12, 2018
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Abéo announced consolidated earnings results for the first half ended September 30, 2018. For the period, the company reported revenue of EUR 110.0 million against EUR 88.7 million a year ago. Operating income was EUR 7.3 million against EUR 5.9 million a year ago. Net income was EUR 4.3 million against EUR 3.5 million a year ago.
The company expected to see sustained growth over the second half of 2018/19.
ABEO SA specializes in the design, manufacture and marketing of sports and leisure equipment. The group supports its professional clients (specialized sports halls and clubs, leisure centers, education sector, local authorities, building professionals, etc.) in the implementation of their projects. ABEO SA owns a portfolio of brands that are partners of sports federations and present at major sporting events, including the Olympic Games. Net sales break down by family of products as follows:
- gymnastics, team sports and physical training equipment (52%): gymnastic equipment, carpets, landing mats, training and competition gear, etc. (Bosan, Cannice, Erhard Sport, Gymnova, Janssen-Fritsen, Schelde Sport, Spieth Gymnastics and Sportsafeuk brands);
- changing rooms and sanitary equipment (27.5%): toilet cubicles, lockers and cabinets, shower walls, benches and coat racks, wall cladding, etc. (France Equipement, Meta, Navic, Prospec, Sanitec and Suffixe brands);
- walls, play modules and climbing equipment (20.5%): Entre-Prises, Top 30, Dock 39 and Clip'N Climb.
At the end of March 2023, the group operated 18 production sites located in France (5), Europe (8), the United States (3), China, and Canada.
Net sales are distributed geographically as follows: France (31.7%), European Union (41.8%), Europe (11.6%), America (14.1%) and Asia (0.8%).