Financial press release, 23rd July 2015
Q2 revenue: €192.4m (+6.5%) H1 revenue: €374.5m (+7.4%) Growth momentum maintained in Q2 6.5% growth in Q2 2015 8.4% growth in H1 2015 for Fleury Michon- branded products
Following a particularly dynamic Q1, Q2, which recorded €192.4m in revenue and
6.5% growth compared with Q2 2014, confirmed that upward trend. Fleury
Michon posted €374.5m in revenue for H1, representing a 7.4% increase on H1
2014.
Revenue in €m | Q2 | H1 | ||||
Revenue in €m | 2014 | 2015 | Change | 2014 | 2015 | Change |
French supermarkets 1 International Out-of-home catering and miscellaneous | 157.1 9.9 13.7 | 166.5 | +6.0% +23.2% +0.0% | 303.6 18.8 26.3 | 325.6 | +7.2% +16.0% +3.0% |
French supermarkets 1 International Out-of-home catering and miscellaneous | 157.1 9.9 13.7 | 12.2 | +6.0% +23.2% +0.0% | 303.6 18.8 26.3 | 21.8 | +7.2% +16.0% +3.0% |
French supermarkets 1 International Out-of-home catering and miscellaneous | 157.1 9.9 13.7 | 13.7 | +6.0% +23.2% +0.0% | 303.6 18.8 26.3 | 27.1 | +7.2% +16.0% +3.0% |
TOTAL | 180.7 | 192.4 | +6.5% | 348.7 | 374.5 | +7.4% |
1 Large and medium-sized French supermarkets
While the French market posted 0.7% growth for fresh, mass-marketed, self-service products, the Group's French supermarkets division recorded revenue growth of
7.2% to €325.6m. This performance demonstrated its competitive product offering, strong business momentum and an understanding of the needs of its customers and clients as well as its successful innovations.
On each of its three benchmarks segments (Charcuterie, Prepared meals and Surimi), Fleury Michon-branded products outperformed the market. Consequently:
- Charcuterie, which featured only Fleury Michon-branded products, rose
8.9% in H1 2015, outstripping the market (total growth of 1.3% for French supermarkets from 01/01/2015 to 14/06/2015);
- For Prepared Meals, H1 recorded growth of 5.7%, and of 7.2% for Fleury
Michon-branded products, and also outperformed the market (total growth of
5.1% for French supermarkets from 01/01/2015 to 14/06/2015);
- On the Prepared Seafood segment, H1 2015 slightly out-performed H1
2014. Sales of Fleury Michon-branded products rose 5.9% over the same period
28th August Publication of H1 2015 profit at the close of trading
1
Financial press release, 23rd July 2015
and the Group was the only market player to record growth on a declining market (down 1.6% in total for French supermarkets from 01/01/2015 to
14/06/2015).
Regarding International operations, the group posted half-yearly revenue of
€21.8m, representing growth of 16.0% as reported (9.5% at constant exchange rates). This positive performance is mainly due to a significant increase in sales on
the Canadian market, especially for Fleury Michon-branded products, combined with a favourable euro/US dollar exchange rate.
Business activity for unconsolidated joint ventures in Italy, Spain and Norway also rose, with growth of 14.1% recorded for H1.
The Out-of-home catering and miscellaneous segment posted revenue of
€27.1m, representing 3.0% increase for H1.
2015 outlook
Given its current business momentum on all segments, the group is confident of its ability to generate significant revenue growth in 2015.
Fleury Michon…
Founded in 1905, Fleury Michon still remains a medium-size, independent, family-run company.
Its 3,820 employees renew their commitment to excellence every day.
The company is present in
France, Italy, Spain, Slovenia and Canada.
In France, it is the leader on the Supermarket, Self- service charcuterie, Fresh
prepared meals and Surimi segments.
Fleury Michon is the leader on the Delivered Meal tray business provided to
companies in the Paris
region.
Contacts
Investors, analysts, financial journalists
Jean-Louis Roy, Administration and Finance
Director
Other journalists and media Eric Coly, Head of Financial Communications
(33 2) 51 66 30 20 infos.finances@fleurymichon.fr www.fleurymichon.fr
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