| |
|
| Consolidated
Group in million euro
|
|
december 31, 2006 |
Variations
2006/05
|
| Turnover |
303.9 |
294.0 |
-3.2% |
| Current Income |
16.3 |
9,3 |
-42.8% |
| Other operating income and costs |
0.0 |
0,1 |
Ns |
| Financial Income |
1.3 |
(0,2) |
Ns |
| Tax |
(5.3) |
(2.3) |
-57.2% |
| Net income |
12.3 |
6.9 |
-43.8% |
Activity
The turnover stands out on the first half of the year in 294.0 M€,
in decline of 3.2 % with regard to the last year over the same period.
France marks a fall of 4.5 % and
the International set back from 1.3 %.
This decline of activity is essentially
attributable in the weakness of the consumption in the clothing
and, more exactly, in the high level of the temperatures, notably
in France, on the season autumn-winter.
Incomes
The running income from operations passes on the half of the year
from 16.3 to 9.3 M€ (42.8 %). It represents to this level 3.2
% of the turnover, that is 4.2 % except impacts of the developments.
France sees her contribution falling
from 10,5 to 5,2 M€ and the International of 5,8 in 4,1 M€.
The net profit passes, for its part,
from 12.3 to 6.9 M€ (43.8 %). It takes into account a weak
amount of exceptional elements and finance costs and a decrease
of the taxes.
This decline of results explains
by the deficit of activity at the end of season, for the first time
since 2000, as well as by the current projects: extension of the
portfolio of products, redeployment of information systems, strengthening
of the human resources, the development of the new countries.
Financial
situation
The net financial surplus at the end of December stands out in 28.1
M€, set back from 7.,2 M€ with regard to the last year
in the same date.
This recession results from the increase of working capital needs
and, more particularly, fall of trade accounts payable and the increase
of debts customers. Stocks are, on the other hand, in net decrease.
Outlook
The incomes of the first half of the year led the Group to take
tactical measures of reduction of the costs which will give their
full effect on the fiscal year 2007 - on 2008. Beyond, Damartex
intends to give the means to maintain its commercial investments
thanks to a structural reduction in its break-even point. These
shares will allow him on one hand, to pursue the improvement of
its profitability affected since 2000, on the other hand, to find
the economic margins of operation necessary for its European ambition.
March 6, 2007
Profile
Damartex is one of the whole first distributors European of clothing
and accessories for seniors. Its channels of distribution are the
catalogues (remote sale) and the stores, and its principal markets
France, Great Britain and Belgium
Calendar
Publication of the turnover of the third quarter: on Friday, April
27th, 2007
Contacts
Damartex: Jacques Taccoen – Phone: +33 320 11 45 30 /
Shan: François-Xavier Dupont – Phone: +33 144 50 58
74
http://www.damartex.com |
