PRESS RELEASE - 23 July 2020
Turnover of the 2019-2020 financial year
Business Was Held Back by the Health Crisis
CONSOLIDATED DATA | 2018/19 | 2019/20 | Variance | Variance |
(in million Euros) | (actual exchange | (like for like | ||
rate) | exchange rate) | |||
1st quarter | 153.7 | 153.2 | -0.3% | -0.2% |
2nd quarter | 231.1 | 232.8 | +0.7% | +0.2% |
3rd quarter | 180.2 | 162.1 | -10.0% | -10.3% |
4th quarter | 154.9 | 138.1 | -10.9% | -10.7% |
TOTAL | 720.0 | 686.2 | -4.7% | -4.8% |
Over the 2019-2020 financial year, the Group's sales revenue stands at €686.2 million, a -4.7% decline at actual rates compared with the previous financial year (-4.8% at like for like exchange rates). Despite a first half year showing the first positive effects of the transformation plan launched in 2018 with sales growth of +0.3% (+0.1% at like for like exchange rates), the second half of the year was, as anticipated, impacted by the effects of the Covid-19 crisis, with a -10.4% drop in activity to €300.2 million (-10.5% at a like for like exchange rate).
In the 4th quarter, business fell sharply, particularly affecting the Fashion division's brands. Despite a better than expected sales rebound in June of +12.0% at actual exchange rates, driven in particular by the Home & Lifestyle and Healthcare divisions, the quarter ended down -10.9%(-10.7% at like for like exchange rates).
For the financial year, the Fashion division, which was particularly impacted by the current crisis, was down -8.8% at real exchange rates. On the other hand, the Home & Lifestyle and Healthcare divisions grew by +7.7% and +13.5% respectively at actual exchange rates, demonstrating better resilience.
Fashion Division
Sales for the Fashion division amounted to €500.0 million over the financial year, down -8.8% at actual exchange rates. In the second half of the year, sales totalled €203.8 million, down -18.9% at actual exchange rates.
SIEGE SOCIAL
160 Boulevard de Fourmies - F 59100 Roubaix | Société anonyme à Directoire et Conseil de Surveillance |
Tel : +33 (0) 20 99 44 00 - Fax : +33 (0)3 20 11 45 24 | Capital : 36 820 000 € |
www.damartex.com | RCS Lille Métropole 441 378 312 - N° TVA : FR 73 441 378 312 |
Business for all the division's brands decelerated markedly. The closure of the points of sale had a significant impact on sales at Damart and Xandres, as the stores only reopened on May 11. The fourth quarter recorded sales of €87.1 million, down -24.4% at actual exchange rates.
Over the financial year, Damart's sales were down -7.5% at actual exchange rates, with a decline of -19.2% in the second half. Xandres and Afibel closed the financial year with a decrease in activity of respectively -16.1% and -11.8% at real exchange rates.
Home & Lifestyle Division
The Home & Lifestyle division, dedicated to the comfort and well-being of seniors, grew by +7.7% at actual exchange rates over the year, with revenues of €164.1 million. In the second half of the year, sales totalled €84.7 million, up +14.2% at actual exchange rates.
The division's growth was mainly driven by the very good performance of the Coopers of Stortford brand, whose business grew by +42.2% over the year at actual exchange rates, with a particularly dynamic second half at +51.0% at actual rates. This performance is explained by a strong resilience during the crisis due to an increase in home-based activities during the lockdown and a strategy deployed for several months to renew the brand's offer.
Healthcare Division
The newly created Healthcare division, which includes the Sedagyl and Santéol brands, grew over the financial year by +13.5% at actual exchange rates with sales standing at €22.1 million. Over the second half of the year, the business continued to develop with sales of €11.7 million, up +22.0% at actual exchange rates. The effective onboarding of Santéol as of 1st January 2020 will contribute significantly to the dynamics of the division. Sedagyl was down -6.5% at actual exchange rates over the financial year. This decline is largely due to the Group's desire to adapt costs in this uncertain environment.
Despite a significant rebound in part of the business in June, the Group remains cautious about the coming months. The persistence of the health risk makes any projection difficult and should increase the volatility of demand. In addition and as mentioned above, Damartex continues to anticipate heavy losses for the financial year.
SIEGE SOCIAL
PROFILE
The Damartex Group, one of the leading European retailers for seniors, aims to become the European leader in the silver economy. It includes three divisions:
- "Fashion" - Damart, Afibel, La Maison du Jersey, Xandres
- "Home & Lifestyle" - 3Pagen, Vitrine Magique, Coopers of Stortford, Jours Heureux, Delaby
- "Healthcare" - Sedagyl and Santéol The Group mainly operates in Europe, including in France, Great Britain, Belgium and Germany.www.damartex.com
CONTACTS
Damartex: Bruno Defache
Tel: +33 3 20 11 45 30
bdefache@damartex.com
Shan:
Alexandre Daudin Tel: +33 6 34 92 46 15 alexandre.daudin@shan.frSarah Levy-Quentin
Tel: +33 1 44 50 03 64 sarah.levy-quentin@shan.fr
KEY DATES
- Publication of the yearly results of the 2019/2020 financial year: 3 August 2020
-
Financial Information Meeting - 2019/2020 yearly results:
17 September 2020
160 Boulevard de Fourmies - F 59100 Roubaix | Société anonyme à Directoire et Conseil de Surveillance |
Tel : +33 (0) 20 99 44 00 - Fax : +33 (0)3 20 11 45 24 | Capital : 36 820 000 € |
www.damartex.com | RCS Lille Métropole 441 378 312 - N° TVA : FR 73 441 378 312 |
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Disclaimer
Damartex SA published this content on 23 July 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 23 July 2020 16:25:02 UTC