U10 – 2018 : a year of investment

					Lyon, 3 April 2019
	2018: a year of investment
French GAAP		2018	% of sales	2017		% of sales
Revenue		180,839		180,324
EBITDA		5,041	2.79%	9,003		4.99%
Operating profit		2,100	1.16%	7,110		3.94%
Net profit		1,323	0.73%	3,233		1.79%
Net profit attributable to the Group		1,147	0.63%	3,023		1.68%

Accounts approved by the Board of Directors on 3 April 2019. Audit procedures were performed on the consolidated financial statements. The Auditors' Report will be issued after finalisation of the procedures required in connection with the annual report's publication. These accounts are presented in accordance with French GAAP.

News

∙Operating highlights

-Growth in export business beginning in 2018 fully offset lost sales from two key accounts which were still invoiced in early 2017 though have since discontinued operations.

-New markets have already made up more than half the €9 million in lost revenue these historic customers would have generated.

-EBITDA amounted to €5 million in a year in which U10 continued to invest significantly to develop its strategic export ande-commerce markets.

∙Financial highlights

-Exporting collections from inventories originating from France, B2Be-commerce, the new dropshipping service and the launch of 4 ranges marketed in fall 2018 resulted in an increased use of working capital: U10 is currently going through a period of transition.

-For that reason, the Board of Directors will not propose the distribution of a dividend at the shareholders' annual general meeting of 5 June.

Outlook

∙Contracts have been signed withnew foreign retailerswho have placed substantial ordersat the first trade shows of 2019. Export deliveries originating from France are picking up.

∙Since they were launched, the four new ranges have resulted in1,700 merchandising displaysof several meters of shelf space in the French market while dropshipping registered growth of more than 80%in the first two months of the year.

∙The decrease in profitability in 2018, in conjunction with this period of transition and investment, should rapidly give way to a new cycle of growth.

The 2018 annual report and the detailed financial statements will be posted at our website, www.u10.fr, no later than 30 April 2019 and the annual general meeting will be held on 5 June 2019.

U10: a Retail industry supplier for interior design and household decorations

Contact:	Next financial press release:
Patricia Michel - Finance Manager	H1 2019 revenue
Tel: [phone]	24 July 2019 after the close of trading
[e-mail]

Euroclear: 7914 - ISIN Code FR0000079147 - Securities transferred to Euronext Growth on 6 August 2018