AVENIR TELECOM (EPA:AVT) Annual consolidated sales 2012-2013

Transparency directive : regulatory news

15/05/2013 19:04

press release

                         Full-year 2012-2013 revenues

* Strategy of growth in mobile phone accessories borne out by 15.8% rise in
  sales

* Active management of product mix in direct distribution with decline in
  like-for- like revenues contained at -5.7% in fourth quarter

* Decrease in indirect distribution activity linked to decline in sale volumes
  of mobile handsets

Marseilles, 15 May 2013. The Avenir Telecom Group, a leading distributor of
telecommunication products and services and a preferred partner of telecom
manufacturers and operators, recorded revenues of EUR412.5 millionin its
2012-2013 financial year (from 1 April 2012 to 31 March 2013), representing a
decrease of 12.2% compared to 2011-2012.

(EUR millions)        Full-year       Full-year    Change %   Chge % exc
                      2012-2013       2011-2012                  Ensitel

Fourth quarter            87.1           113.9       -23.5%        -21.0%

Total                    412.5           469.7       -12.2%        -11.5%

The Avenir Telecom Group's revenues in the fourth quarter of 2012-2013 were
fully impacted by the sale of 38 Ensitel stores in Portugal. The Ensitel store
network, which ceased to be part of the Group on 23 November 2012, generated
full-year revenues of EUR14.6 million in 2011-2012.

Revenues from ranges of mobile and multimedia accessories, particularly products
sold under licence from Energizer and under the OXO and BeeWi brands, increased
by 15.8% in full-year 2012-2013 due to a 24.1% rise in volumes of mobile phone
and multimedia accessories and the Group's upmarket shift into distinctive
added-value products with high technological content.

In the fourth quarter of 2012-2013, Avenir Telecom continued the expansion of
its distribution network to include new countries outside Europe. The Group's
products are now distributed in 37 countries around the world. The Avenir
Telecom Group generated 61.6% of its revenues outside France in the 2012-2013
financial year.

Direct distribution: active management of product mix with decline in
like-for-like revenues contained at -5.7% in fourth quarter

(EUR millions)        Full-year       Full-year    Change %   Chge % exc
                      2012-2013       2011-2012                  Ensitel

Fourth quarter             44.8            51.0      -11.8%        -5.7%

Total                     195.9           237.9      -17.6%       -16.4%

Excluding the negative structure effect associated with the sale of 38 Ensitel
stores in Portugal, the revenue trend improved significantly in the fourth
quarter of 2012-2013 with the decline reduced to 5.7%. This was the result of
the active policy, pursued for over a year, of refocusing the Internity store
base.

More generally, the Group is  still having to contend with a difficult economic
situation, particularly in Spain.

Despite the pressure on revenues, the Group succeeded in preserving its gross
margin in direct distribution through active management of its product mix.

Indirect distribution: decrease in activity due to decline in volumes of mobile
handsets

(EUR millions)        Full-year       Full-year    Change %
                      2012-2013       2011-2012

Fourth quarter             42.3            62.9      -32.7%

Total                     216.5           231.7       -6.6%

After a very good start to the year, the marked slowdown in sales of mobile
phones and operator contracts seen in the third quarter of 2012-2013 intensified
sharply in the fourth quarter of the year, due to a steep fall in sale volumes
of low-margin handsets in a complex economic environment associated with the
euro situation and the European recession.

Revenues from licensed and own-brand mobile and multimedia accessories increased
by 24.6% in full-year 2012-2013. Mobile and multimedia accessories represented
57% of total indirect distribution volumes, compared to only 48% in the previous
year.

Avenir Telecom - well positioned to take advantage of digital convergence around
mobile telephony and evolving distribution concepts

In a still uncertain macroeconomic context and a competitive environment in the
telecommunications market, the Avenir Telecom Group is concentrating on the
continued global development of accessories and refocusing the Internity
stores.

With leading-edge brands and licences, the Avenir Telecom group is well
positioned to take advantage of the expansion of the global market in
accessories and connected devices. These should make up a steadily growing share
of the business due to digital convergence around mobile multimedia products and
the increase in very high speed Internet uses.

New distribution concepts introduced by operator customers (Vendor Management
Inventory, Outsourcing) are being rolled out on a widespread basis, creating
growth opportunities for Avenir Telecom, which has cutting-edge capabilities
in managing product flows to stores, shelf space management, merchandising and
expertise in end-customer requirements.

Avenir Telecom will announce its full-year 2012-2013 results on 20 June 2013
after market close.

About Avenir Telecom
With revenues of almost EUR412 million as at 31 March 2013, the Avenir Telecom
Group (ISIN: FR0000066052 / Reuters: AVOM.LN / Bloomberg: AVT: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 2013, Avenir Telecom employed almost 2,000 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 is included in the CAC All Shares, CAC Mid & Small, CAC
Small, CAC All-Tradable, CAC T.Hard & Eq. and CAC Technology indices.

>  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 1 47 64 78 20
                         Mob.: +33 6 74 79 61 87
                         E-mail: vincent.gouley@watchowah.com

    All our financial information is available at www.avenir-telecom.com

AVENIR TELECOM's latest news

29/01/2015 17:49

AVENIR TELECOM (EPA:AVT) Annual consolidated sales 2012-2013

Transparency directive : regulatory news

AVENIR TELECOM's latest news

Other stories