AVENIR TELECOM (EPA:AVT) First half 2012-2013 revenues
Transparency directive : regulatory news
15/11/2012 17:43
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press release
First half
2012-2013 revenues
* Volumes advance 3.2%
* 17% rise in volume sales of mobile accessories
* Revenue growth in indirect distribution
Marseilles, 15 November 2012. The Avenir Telecom Group, a leading distributor
of telecommunication products and services and a preferred partner of telecom
manufacturers and operators, recorded revenues of EUR211.2 million in the
first half of its 2012-2013 financial year (from 1 April 2012 to
30 September 2012), representing a decrease of 5.3% compared to the first half
of 2011-2012. Revenues in the second quarter of 2012-2013 amounted to
EUR106.6 million, down 10.9% compared to the second quarter of 2011-2012.
The Group generated 65.6% of its revenues outside France in the first half of
2012-2013 and posted a 3.2% rise in volumes of subscription plans, mobile
handsets, multimedia products and accessories sold compared to the first half
of 2011-2012.
Revenues generated by ranges of mobile and multimedia accessories,
particularly products sold under licence from Energizer, the global leader in
batteries, as well as accessories under the OXO and BeeWi brands, increased
by 25.8% in the first half of 2012-2013.
Avenir Telecom covers all segments of the accessories market with licensed and
owned brands and manages accessory shelf space on an outsourced basis in over
1,300 sales outlets of telecom operator store chains across Europe.
(EUR millions) Fiscal year Fiscal year Change %
2012-2013 2011-2012
First quarter 104.6 103.2 +1.4%
Second quarter 106.6 119.7 -10.9%
First half 211.2 222.9 -5.3%
Direct distribution: decrease in revenues due to rationalisation of store base
(EUR millions) Fiscal year Fiscal year Change %
2012-2013 2011-2012
First quarter 46.4 55.8 -16.9%
Second quarter 49.0 65.3 -24.9%
First half 95.4 121.1 -21.2%
The Avenir Telecom Group recorded revenues of EUR95.4 million in direct
distribution (Internity store network) in the first half of 2012-2013,
representing a decrease of 21.2% compared to the first half of 2011-2012.
Revenues from direct distribution were impacted by the difficult economic
situation in Spain, and more generally by the reduction of the Internity store
base between 30 September 2011 and 30 September 2012. The Group had 526 stores
on 30 September 2012, compared to 556 on 30 September 2011.
The Avenir Telecom Group has just announced the signing of an agreement to
sell its 38 Ensitel stores in Portugal. The transaction should be completed
on 23 November 2012 once the conditions precedent have been met.
Indirect distribution: revenue growth
(EUR millions) Fiscal year Fiscal year Change %
2012-2013 2011-2012
First quarter 58.2 47.4 +22.8%
Second quarter 57.6 54.4 +5.9%
First half 115.7 101.8 +13.7%
The Avenir Telecom Group generated revenues of EUR1 15.7 million in indirect
distribution in the first half of 2012-2013, representing a rise of 13.7%
compared to the first half of 2011-2012.
The indirect distribution revenues were buoyed essentially by sales of mobile
handsets and accessories.
Market driven by digital convergence around mobile telephony
In an uncertain macroeconomic context and a competitive environment in the
telecommunications market, the Avenir Telecom Group is concentrating on
strengthening its position among operators and manufacturers, developing its
geographic presence in the emerging markets, continuing to develop licensed
or own-brand accessories and refocusing the Internity stores.
Accessories should make up a steadily growing share of the business due to
digital convergence around mobile multimedia products and the numerous
opportunities offered by equipment upgrades and the increase in very high
bit-rate uses.
About Avenir Telecom
With revenues of almost EUR470 million and a gross margin of EUR129 million as
at 31 March 2012, the Avenir Telecom Group (ISIN: FR0000066052 / Reuters:
AVOM.LN / Bloomberg: A VT:FP) is one of the leading European distributors of
mobile telephony products and services. The Group partners with the leading
handset manufacturers and telecom operators in Europe, distributing their
mobile phones and subscription plans across all distribution channels
Group-owned stores under the Internity brand, websites, food superstores,
specialist superstores, independent resellers and affiliated stores). The
Avenir Telecom Group also designs and distributes a comprehensive range of
accessories and multimedia products under licensed and owned brands. As at
31 March 2012, Avenir Telecom employed almost 2,300 people, mainly in France,
the UK, Spain, Romania, Portugal and Bulgaria.
Avenir Telecom is listed on NYSE EURONEXT - compartment C (Euronext Paris).
The Avenir Telecom share forms part of the following indices: CAC All Shares,
CAC Mid & Small, CAC Small, CAC All-Tradable, CAC T.Hard & Eq. and
CAC Technology.
> Press and investor contacts
Agnès Tixier Tel.: +33 4 88 00 63 21
Financial Director Fax: +33 4 88 00 60 30
E-mail: atixier@avenir-telecom.fr
Vincent Gouley Tel.: +33 6 74 79 61 87
E-mail: vincent.gouley@watchowah.com
> Press contact
Cyril Levy-Pey Tel.: +33 6 08 46 41 41
E-mail: levy-pey@watchowah.com
All our financial information is available at www.avenir-telecom.com