In line with the announcement of 12 April, U10's sales declined in the first half. Revenue for the period amounted to €86.1 million (-13.6%)
In Asia, sales remain selective by maintaining profitability, following the strategic measures adopted in early 2016 shifting the focus from volumes to margins.
In Europe, first half revenue was largely impacted by the bankruptcy filings of two key accounts.
These key accounts were among the Europe division's top 10 customers and the most important represented 7% of the sales.
Developments and prospects
Profitability for the first half, and in consequence the full year, will be directly impacted by this shortfall in sales and by destocking distributor brand quotas reserved for these customers.
Despite this, results for the first half will remain positive.
This unfortunate incident, while temporarily impacting the Group's growth, masks its natural development which remains on track. Indeed, the Europe and Asia divisions are continuing to add new key accounts that will ensure future growth.
U10 remains confident in its future growth prospects and has moreover recently acquired a block of 1,378,987 of its own shares, contributing to the share's accretion and strength for all shareholders.
U10 is a creator, supplier and provider of logistics services in the universe of decoration.
Euroclear: 7914 - ISIN FR0000079147
Contact: Next financial press release:
Patricia Michel - Finance Manager 2017 H1 results
Tel: +33 (0)4 37 64 47 85 13 September 2017 after the close of trading
finances@u10.fr
U10 SA published this content on 26 July 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 July 2017 07:49:07 UTC.
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As an international distribution provider, U10 Corp is engaged in a value-added generator skill by creating customized products and services lines in the home and personal equipment. The group's offer is based primarily on a positioning in the interior design and home accessories universe, on the form of trendy items adapted according to the seasons and marketed in large quantity in the mass market. The group's first feature lies in the design of range. A range is a line of end products coordinated around a theme, designed for presentation through a self-service corners concept in the distributors' stores. The group's activity is organized around 2 forms:
- Europe division (80.7% of net sales): complementary customized services provision to customers (design of the ranges and conditioning, linear implantation, regular visit of the outlets, etc.);
- Asia division (19.3%): on the international stage, the focus is on the ranges customizing and manufacturers monitoring.
Products are manufactured by subcontractors.
Net sales are distributed geographically as follows: France (79.8%), European Union (11.3%) and other (8.9%).
U10 CORP 
