DAMARTEX (EPA:ALDAR) - DAMARTEX / Turnover of the 1st quarter of the 2019/2020 financial year

Transparency directive : regulatory news

17/10/2019 18:07

PRESS RELEASE - 17 OCTOBER 2019

Turnover of the 1st quarter of the 2019/2020 financial year

A Stable First Quarter, driven by the dynamics of the Home & Lifestyle
activity

CONSOLIDATED DATA   2018/19  2019/20   Variance      Variance (at like
(in million Euros)                  (actual rates)   for like exchange
                                                           rate)

1st quarter          153.8   153.2       -.3%              -.2%

The Damartex Group closes the 1st quarter of the 2019/2020 financial year with
a turnover of EUR153.2 Mn, slightly down by -.3% at actual rates against the
same period last year (-.2% at like for like exchange rate).

The turnover for the "Fashion & Ready to Wear" activity stands at EUR114.9 Mn
for the quarter, down -2.1% at like for like exchange rate (-2.3% at actual
rates).  The  sales of the Damart  brand  experienced  a mild  rebound of +1.1%
(+.9% at actual rates), driven by the dynamics of the French and Belgian
markets. The Afibel brand, which is undergoing a transformation of its model,
is down -13.1% against the first quarter of last year. The Group continues to
work on modernizing the brand and its offer.

The "Home & Lifestyle" activity closes the first quarter with a turnover of EUR
38.4 Mn up +6.2% at like for like exchange rate (+6% at actual rates). This
increase has been supported by the Coopers of Stortford brand, up +38.2%
(+36.6% at actual rates), reflecting the work undertaken last year by the Group
on the redesign of the product offer and the intensification of the sales plan.
3 Pagen and Vitrine Magique are showing the first signs of decrease at -1.7%,
in a context of economic slowdown in Germany.

First quarter sales do not allow us to define a trend due to the seasonal
nature of the Damartex model. However, the Group is seeing initial positive
signs on the implementation of "Transform to accelerate 2022", its strategic
transformation plan initiated in 2018, geared at better controlling the
cyclical impacts.

PROFILE
The Damartex Group operating under the names Damart, Afibel, La Maison du
Jersey, and Xandres for the "Fashion & Ready to Wear" activity, 3Pagen, Vitrine
Magique, Coopers of Stortford, Jours Heureux, Delaby and Sedagyl for the
"Home & Lifestyle" activity, is one of the leading European retailers for
seniors (55+ segment). The Group develops an omni-channel strategy
differentiated according to brands and countries. It is mainly operating in
France, the UK, Belgium and Germany.
www.damartex.com

CONTACTS
Damartex: Bruno Defache
Tel: +33 3 20 11 45 30
bdefache@damartex.com

Shan: Alexandre Daudin
Tel: +33 1 44 50 51
76alexandre.daudin@shan.fr

KEY DATES
Group's General Assembly:
13 November 2019
Publishing of sales figures for the
first quarter: 16 January 2020

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DAMARTEX (EPA:ALDAR) - DAMARTEX / Turnover of the 1st quarter of the 2019/2020 financial year

Transparency directive : regulatory news

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