Civrieux d'Azergues, 14 June 2017

Toupargel announces its strategic plan, Oxygen 2020

CEO Romain Tchenio and the Executive Committee today announced the 2020 strategic plan to 250 management level employees.

This new plan will aim to improve the customer experience, create new brand momentum, revise the product range and develop the organisation.

The sales trend experienced in 2016 (down 6.0% in Q1; down 5.0% over the full year) continued into Q1 2017 (down 6.9%). Q2 2017 is set to see a similar contraction. Nevertheless, the Group is anticipating slightly positive operating cash flow for the 2017 financial year.

As part of its transformation, Toupargel implemented management changes in January 2017 and has mobilised significant resources for the financial year. Following the launch of its new mobile application, the Group will finish revamping its toupargel.fr website this summer and extending its fresh foods and groceries line to the entire country.

The plan will be presented to the market on 14 September 2017 after first-half results are published.

Upcoming events

  • Publication of sales and earnings for the first half of 2017 on 13 September 2017 (after stock market closing).

  • SFAF meeting, 14 September 2017 at 11 am at the Etoile Saint Honoré conference centre in Paris.

ABOUT THE TOUPARGEL GROUP

Founded in 1947, Toupargel is France's leading frozen foods home delivery company. Headed by Romain Tchénio, the Group has nearly 3,500 employees throughout France and generated annual sales of €293 million in 2016. Toupargel delivers to one million customers and has a catalogue of over 1,400 products, including 800 own-brand items. Its products are adapted to the needs of all consumers and all dietary requirements. 80% of Toupargel's own- brand recipes are made in France. Toupargel provides local service by telephone, online at www.toupargel.fr and via its new mobile application. The Group is celebrating its 70th anniversary this year.

Toupargel, the leader in home delivery of frozen food products to individual customers

Euronext Paris segment C CAC®All-Share, Gaia Index

Isin FR 0000039240 - Bloomberg: TOU - Reuters: TPGEL.PA Financial reporting - infofinanciere@toupargel.fr

Tel: +33 (0)4.72.54.10.00

Analysts & shareholder relations - cyril.tezenas@toupargel.fr

www.toupargelgroupe.fr

Toupargel Groupe SA published this content on 17 June 2017 and is solely responsible for the information contained herein.
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