DJ Showroomprive.com: Q3 2018 Revenue - Showroomprivé consolidates growth in third quarter
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Showroomprive.com
Showroomprive.com: Q3 2018 Revenue - Showroomprivé consolidates growth in
third quarter
24-Oct-2018 / 17:45 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
Q3 2018 Revenue
SHOWROOMPRIVE Consolidates Growth in Third Quarter
La Plaine Saint Denis, 24 October 2018 - Showroomprivé, a leading European
online retailer specialising in fashion for the Digital Woman, has published
its results for the third quarter of 2018, ended on 30 September.
· *After a second quarter 2018 marked by a return to growth, Showroomprivé
has continued and consolidated its progress in the third quarter with
revenues of EUR137 million. *
· Total internet revenue, the Group's core business, was up by 3%.
· Total revenues were up nearly 2%.
· The observed growth is driven by both French and international
markets, at constant scope.
· This growth consolidation continues the trend begun in the second
quarter, which saw 8% growth, despite a lacklustre fashion market due to
external factors, notably the persistence of a particularly long and hot
summer.
· *The Group is fully focused on success in the fourth quarter, which is
the most important period of the year. *
· The upcoming commercial calendar is eventful (Showroomprivé's
anniversary, Black Friday, Christmas, etc.) and supported by an
ambitious media plan (launch of the new TV campaign in France, Italy,
Spain, Portugal and Poland, with extensive media buying driving the
fourth quarter).
· *At the same time the Group is continuing to execute its strategic
"2018-2020 Performance" plan aimed at improving its operational efficiency
in the short term and at developing new opportunities for growth and
profitability in the medium term. *
Key figures Q3 2018
Q3 2017 Q3 2018 % Growth
Net revenue (EUR million)* 134.3 136.7 +1.8%
Total Internet revenue (EUR 130.3 134.2 +3.0%
million)*
Number of buyers (in millions)** 1.4 1.4 +1.5%
Revenue per buyer (EUR)** 89.0 88.7 -0.4%
Number of orders (in millions)** 3.1 3.2 +2.5%
Average number of orders per 2.3 2.3 +0.9%
buyer**
Average basket (EUR)** 38.8 38.3 -1.3%
(million) 30/06/2018 30/09/2018 Change
Aggregate buyers** 8.5 8.7 +0.2
*IFRS
** Excluding Beauteprivee
Commenting on these revenue figures, Thierry Petit and David Dayan,
co-founders and co-CEOs of Showroomprivé stated: "This third quarter is
satisfying, because, in market conditions described by professionals as
lacklustre, our Internet business grew by 3%. This positive consolidation
underscores the ongoing success of our "2018-2020 Performance" plan set in
motion at the beginning of the year. It also continues the dynamic 8% upturn
we saw in the second quarter, with the prospect of a traditionally booming
fourth quarter reflecting year-end purchasing, which, we should remember,
accounts for more than a third of our annual sales. Two strengths to
emphasise: the strong performance of our beauty division, which makes
Showroomprivé the leader in the sector, with more than 5% market share, and
the good resilience of our Internet sales, which are up 3%."
Q3 Highlights
Growth consolidation in the third quarter
· In the third quarter of 2018, revenues from Internet activities, the
core of the company's business (over 95% of revenues) amounted to EUR134.2
million, up 3% at constant scope.
· Total growth was 1.8%, corresponding to EUR136.7 million total net
revenue.
· This growth follows an 8% expansion in the second quarter of 2018,
reflecting the initiatives taken under the "2018-2020 Performance" plan.
· Growth is sustained in geographical terms by both French and
international markets.
· Conditions in the fashion market were disappointing for all players in
the third quarter due to various external market factors, notably the
persistence of a long and late hot summer, which disrupted buying habits.
· Over the third quarter, the number of buyers grew by 1.5% to 1.4
million, with revenue per buyer roughly stable (-0.4%).
· The engagement of the Group's members is reflected in a 0.9% increase in
the number of orders per buyer, and the slight mechanical decrease in the
average basket to EUR38.3 (down 1.3%).
Q4 OUTLOOK
Group efforts focused on achieving a successful fourth quarter
· The Group is well prepared for the fourth quarter, which is
traditionally very busy. It is, in fact, a pivotal, decisive quarter for
the Group, as over a third of its annual revenues are generated over that
period.
· An eventful commercial plan supported by ambitious marketing and media
initiatives is currently being rolled out for the end of the year,
particularly for the Black Friday and Christmas period.
The priority focus continues to be the rollout of the strategic "2018-2020
Performance" plan.
· We are committed to strengthening the Group's operational efficiency and
to developing the new growth opportunities initiated under the "2018-2020
Performance" plan launched late last winter.
· Capitalising on and amplifying positive signals in the near term:
· Maintaining attention on the Group's fundamental pillars: the members
and the brands.
· Growing operational efficiency.
· Rolling out the Group's new marketing approach.
· In the medium term:
· Ensuring the success of the project to open a new mechanised warehouse
operated by the Group.
· Rolling out new sources of revenue and margins by developing SRP
Media.
· Developing strategic and commercial synergies with Carrefour.
*
* *
At its meeting on 24 October 2018, the SRP Group's Board of Directors
reviewed and approved the revenue figures for the third quarter of 2018.
FORWARD-LOOKING STATEMENTS
This press release contains only summary information and is not intended to
be comprehensive.
This document may contain forward-looking information and statements about
the Group and its subsidiaries. These statements include financial
projections and estimates and their underlying assumptions, statements
regarding plans, objectives and expectations with respect to future
operations, products and services, and statements regarding future
performance. Forward-looking statements may be identified by the words
"believe", "expect", "anticipate", "goal" or similar expressions. Although
the Group appreciates that the expectations reflected in such
forward-looking statements are reasonable, investors and the Group's
shareholders are cautioned that forward-looking information and statements
are subject to numerous risks and uncertainties, many of which are difficult
to predict and generally beyond the control of the Group, which could cause
actual results and developments to differ materially and adversely from
those expressed in, or implied or projected by, the forward-looking
information and statements. These risks and uncertainties include those
discussed or identified in filings with the Autorité des Marchés Financiers
made or to be made by the Group (particularly those detailed in chapter 4 of
the Company's annual report). The Group undertakes no obligation to publicly
update its forward-looking statements, whether as a result of new
information, future events or otherwise.
Upcoming publications
2018 annual results: mid-March 2019
About showroomprive.com
Showroomprive.com is an innovative European player in the online private
sales industry, specialised in fashion. Showroomprivé offers a daily
selection of more than 2,000 brand partners via its mobile apps or website
in France and eight other countries.
Since its launch in 2006, the company has enjoyed quick and profitable
growth.
Showroomprivé is listed on Euronext Paris (code: SRP), and reported gross
turnover of over EUR900 million incl. VAT in 2017, and net sales of EUR655
million, up 21% over the previous year. The Group employs more than 1,150
people.
For more information: http://www.showroomprivegroup.com [1]
Contacts
Showroomprivé
Damien Fornier de Violet, Investor Relations
investor.relations@showroomprive.net
Adeline Pastor, Communications Director
+33 1 76 21 19 46
adeline.pastor@showroomprive.net
Regulatory filing PDF file
Document title: PR - Q3 2018
Document: http://n.eqs.com/c/fncls.ssp?u=ALXIFQYPIR [2]
Language: English
Company: Showroomprive.com
1, rue des Blés - ZAC Montjoie
93210 La Plaine Saint-Denis
France
Internet: showroomprive.com
ISIN: FR0013006558
AMF Category: Third quarter financial report
End of Announcement EQS News Service
737367 24-Oct-2018 CET/CEST
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