ORCHESTRA-PREMAMAN (EPA:KAZI) First nine months revenue: €436,8M (+0,7%)

Transparency directive : regulatory news

09/01/2020 17:40

January 9th 2020

> First nine months revenue: EUR436,8M (+0,7%)

> Stabilization of revenue with notably:
  - A growth in textile business (+3,8%) and childcare business (+3,9%)
  - A continued dynamism in web business (+18,3%)

FIRST NINE MONTHS OF 2019-2020 REVENUE (unaudited data)
(March 1, 2019 to November 30, 2019)

                                                            first 9 months
                                                             2019/2020 vs.
                            fist 9 months   first 9 months  first 9 months
IFRS - In EURm                2018/2019       2019/2020       2018/2019

Branches                        232.4           233.1            0.3%
Affiliate commission            176.9           171.7           -2.9%
Internet                         15.0            17.7           18.3%
Trading & Misc.                   9.4            14.3           52.2%
Consolidated revenue            433.6           436.8            0.7%
of which France                 271.0           270.7           -0.1%
of which Belux                   54.3            53.7           -1.1%
of which International
(excl. Belux)                   108.3           112.5            3.8%

During the first nine months of 2019/2020, i.e. between March 1 and November
30, 2019, the Orchestra-Prémaman Group posted consolidated revenue of
EUR436.8M, up +0.7% relative to the same period last year.

Business in France (62.0% of the revenue) is stable at -0.1% with notably:
- Textile business is increasing (+3.9%) despite a difficult market environment
  (-2.2% according to IFM). This performance is a result of communication
  campaigns implemented since March 2019 and actions taken by the Group
  related to commercial strategy and product offer;
- Childcare business still dynamic, up +4.4% compared to the same period last
  year;
- In contrast, Membership business is down -24.2% compared to the same period
  last year, due to last year campaigns with lower subscription fees.

Over the period, the situation is more variable outside France:
- Foreign entities without Belux (25.7% of the revenue for the period) posted
  an increase of +3.8%, and;
- Belux business (12.3% of the revenue for the period) is down by -1.1%.

The Web business continues to expand (+18.3%) driven by:
- Strong Childcare sales on this channel (+10.1%), and;
- Growth of Web sales in France (+11.9%).

Trading & Misc. activity increased by +52.2% mainly thanks to sales to
discounters.

As of November 30th,2019 the Group has 1.8 million club members. As a reminder,
the Club ensures more than 90% of the Group revenue.

THIRD QUARTER 2019-2020 REVENUE (unaudited data)
(September 1st, 2019 to November 30th, 2019)

                                    3rd Quarter  3rd Quarter   Q3 2019/2020
IFRS - In EURm                       2018/2019    2019/2020  vs. Q3 2018/2019

Branches                               83.0         83.2          0.3%
Affiliate commission                   63.4         60.8         -4.0%
Internet                                6.8          7.1          4.9%
Trading & Misc.                         2.0          4.7        134.0%
Consolidated revenue                  155.2        155.9          0.4%
of which France                        98.1         95.5         -2.7%
ofwhich Belux                          18.3         18.7          2.0%
of whichInternational (excl. Belux)    38.7         41.7          7.5%

During the third quarter of 2019/2020, i.e. September 1st to November 30th,
2019, the Orchestra- Prémaman Group posted consolidated sales of EUR155.9M, up
+0.4% relative to same period last year.

STORE NETWORK (unaudited data)

                                                          Variation
                                                        30/11/2019 vs.
                        28/02/2019      30/11/2019       28/02/2019
in number and                 Surface         Surface          Surface
thousands of m2       Number   area   Number   area    Number   area

Branches                 316   200.6     322   209.8        6     9.2
Affiliate commission     229   113.9     212   105.0      -17    -8.9
Total                    545   314.4     534   314.7      -11     0.3
Textile                  377   126.1     367   125.2      -10    -0.9
Mixed stores
and megastores           146   177.2     150   180.5        4     3.3
Outlet Stores             22    11.1      17     9.0       -5    -2.1
Total                    545   314.4     534   314.7      -11     0.3
o.w. France              305   199.3     304   200.2       -1     1.0
o.w. Belux                58    52.5      57    51.6       -1    -0.9
o.w. International
(excl. Belux)            182    62.7     173    62.9       -9     0.2

In this adverse market environment, the Group confirmed its intention to reduce
its investment leading to a stability of the stores network.Large format stores
(mixed and megastores) now represent more than half of the sales area and 150
stores.

Orchestra-Prémaman Group confirms the preparation of a safeguarding plan in
France and a judicial reorganization proceeding with collective agreement in
Belgium.

Information are regularly communicated to the market upon the procedure
evolution.

Next appointment
2019/2020 fourth quarter Revenue: April 14th, 2019 after SE closing

Contacts:
ACTIFIN - Stéphane RUIZ - 01 56 88 11 15 - sruiz@actifin.fr
ACTIFIN - Victoire DEMEESTERE - 01 56 88 11 24 - vdemeestere@actifin.fr

ORCHESTRA-PREMAMAN
A public limited company with capital of EUR12,159,825
Headquarter: 200 avenue des Tamaris, Zac Saint Antoine, 34130 Saint-Aunès.
Registration n°: 398 471 565 in the Montpellier Trade and Companies Register

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19/06/2020 19:18

ORCHESTRA-PREMAMAN (EPA:KAZI) First nine months revenue: €436,8M (+0,7%)

Transparency directive : regulatory news

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