* 2019-2020 1st Quarter Revenue: EURM 139.7 (-0.5%) with a robust textile
business (-1.3%) and a strong growth in the childcare business (+13.4%)
* Business in France, first market for the group:
- A limited reduction in the textile business: -2.0% (vs. -3.3% on the
- A dynamic childcare business: +18.2%
* A significant growth from Club cards holders: +15.3% over a year.
2019-2020 FIRST QUARTER REVENUE (non-audited information)
(March 1, 2019 - May 31, 2019)
IFRS - In EURm 1st Quarter 1st Quarter Q1 2019/2020 vs.
2018/2019 2019/2020 Q1 2018/2019
Branches 74.3 74.2 -0.1%
Affiliate commission 57.7 55.0 -4.7%
Internet 4.3 5.4 26.4%
Trading & Misc. 4.1 5.1 23.2%
Consolidated revenue 140.4 139.7 -0.5%
of which France 85.8 84.4 -1.6%
of which Belux 18.4 18.0 -2.2%
of which International
(excl. Belux) 36.2 37.2 2.9%
Group Revenue for 2019/2020 first quarter remains stable (-0.5%) and amounts to
EURM 139.7. This statement points out the group ability to sustain its textile
business over the period (-1.3%) as well as its ability to support its high
growth in the childcare business (+13.4%). This growth is the result of an
optimized product and price, reinforcing the team dedicated to the Montpellier
City business and the renewal of the trademark Prémaman products offer.
In France, 2019-2020 first quarter Revenue amounts to EURM 84.4, with a
decrease of 1.6% due to a remaining tight market:
- Textile business resists (-2.0%) better than the child clothing market
decreasing by 3.3% over the period. This resilience is mainly due to the
expansion of new communication supports with the monthly Orchestra magazine
launch since March 2019 for instance;
- Childcare business attests its excellent dynamic (+18.2%) holding the group
International business (excluding Belux as well) increases by 2.9% namely EURM
37.2. This positive performance is sustained by the early business development
in Morocco (+15.1%) and in Greece (+6.7%). Concerning Belux business, the
negative performance of -2.2% tends to improve.
Web business for the group increased by 22.4% mainly due to a strong increase
in textile sales on e-commerce via www.shop-orchestra.com (+20.4%).
Eventually trading business growth compared to 2018-2019 first quarter
increased by 23.2% namely a Revenue of EURM 5.1. The performance is sustained
by discount stores in France. The performance is sustained by discount stores
in France, in line with the group strategy of inventory turnover.
As of May 31, 2019, Orchestra-Prémaman group owns 2.1 million Club cards
holders, i.e. a growth of 15.3% compared to May 31, 2018. The increase in Club
cards holders is the result of a proactive policy for membership as well as
Club members' retention, essential to sustain future revenue (90% of the
revenue stems from Club members).
STORE NETWORK (non-audited information)
in number and thousands of m2
28/02/2018 31/05/2019 Variation 31/05/2019
Number Surface Number Surface vs. 28/02/2019
area area Number Surface
To the extent of a negative clothing market evolution, Orchestra-Prémaman
group decided to cut investments costs, leading to a remarkable stability in
terms of stores.
Mixed and megastores deals with more than half of the stores sales area with a
total of 146 stores. Orchestra-Prémaman group affirms its inventory reduction
Annual general meeting: July 17, 2019
2019-2020 Second quarter Revenue: October 10, 2019 after SE closing