Orchestra-Prémaman S.A. Reports Unaudited Consolidated Revenue Results for the Fourth Quarter and Year Ended February 28, 2018; Provides Gross Operating Income Guidance for the Fourth Quarter of 2018
From 1 March 2017 to 28 February 2018, the Orchestra-Prémaman Group earned consolidated revenue of 611.6 million, up 0.5% on the prior year period, due to: - the increase in Orchestra-branded surface area in branches and commission-affiliation schemes, in line with the Group's development strategy (312,000 square metres at 28 February 2018 versus 293,000 a year earlier) - the expansion of the Childcare products business, now contributing 120 million in revenue, 20% of the Group total Childcare continues to grow at a robust pace, particularly in France where sales were up by 21.0%. The Group is also continuing to develop the Prémaman brand, which posted annual revenue of 31.8 million, growth of 14% on the prior year.
The Group is continuing to focus on improving profitability and increasing its free cash flow while maintaining moderate growth levels, primarily through franchises. In light of fourth-quarter activity, the Group is anticipating current Gross Operating Income of between 5.5% and 6.5% of revenue.