Anneyron, October 25, 2011
Press Release
>> Annual sales at September 30, 2011: €249.6m (+1.7%) Renewal in revenue growth4th quarter | Annual | |||
Sales per division (in EUR millions) 10/11 09/10 Variation | 10/11 09/10 Variation | |||
Great Outdoor - Lafuma Board Sports - Oxbow Country - Le Chameau Mountain - Millet / Eider | 20.3 24.6 10.4 28.1 | 20.1 +0.9% 25.7 -4.4% 10.2 +2.0% 25.5 +10.2% | 83.5 64.0 23.7 78.4 | 83.4 +0.1% 67.7 -5.5% 23.3 +1.7% 71.0 +10.4% |
Lafuma Group | 83.5 | 81.6 +2.3% | 249.6 | 245.5 +1.7% |
Lafuma Group sales revenue for fiscal 2010/11 totaled 249.6
million euros, with a year-on-year increase of 1.7%. At a
constant exchange rate and comparable scope, Group sales
revenue improved by 2.4%.
Fourth quarter sales in France for fiscal 2010/11 grew by
2.8% resulting in a modest improvement in business (+0.6%)
for fiscal 2010/11.
International business improved with a brand redeployment
strategy in Europe and in Asia, reaping gains in annual sales
revenue of 3.3%.
Over FY 2010/11:
• The Great Outdoor division remained stable
(+0.1%), driven by buoyant camping furniture sales and the
confirmation of a turnaround in the Lafuma outdoor lines over
the fourth quarter of fiscal 2010/11.
• The Board Sports division declined (5.5%) in
spite of the initial positive effects of the Oxbow brand
repositioning;
• Sales revenue for the Country division was up
1.7%, driven by new export markets;
• The Mountain division continued its strides in
growth (+10.4%). The Group gained market share in France and
increased its presence internationally, notably in Europe.
The activity growth registered in the course of fiscal
2010/11 has enabled the Lafuma Group to confirm significant
improvements in current operating profit and net profit for
fiscal 2010/11.
The Group also confirms its outlook for considerable
improvement in sales revenue over the first quarter of fiscal
2011/12.
Annual results FY 2010/11: Tuesday, December 12 (after market close)
For further information please contact: Gilles Venet - Tel.: +33 (0)4 75 31 31 07 - infos-finance@lafuma.fr / NewCap. Simon-Laurent
Zaks / Emmanuel Huynh - Tel.: +33 (0)1 44 71 94 94 - lafuma@newcap.fr
Lafuma shares are traded on NYSE Euronext Paris. Euroclear: 3526. Reuters: LAFU.PA. Bloomberg : LAF FP