Showroomprive.com
Showroomprive.com: 2019 second half performance review
19-Dec-2019 / 19:51 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
2019 SECOND HALF PERFORMANCE REVIEW
La Plaine Saint Denis, 19 December 2019 - Showroomprivé, a leading European
online retailer specialising in fashion for the Digital Woman, today
publishes its 2019 second half business review. The rationalization and cost
optimization actions will allow a significant improvement of the EBITDA of
the second semester compared to the first semester of 2019. The Group will
however not reach its objective of being profitable in the second half due
to a less dynamic than anticipated activity
The fourth quarter, which has always had a decisive impact on Group
performance, was hit by adverse economic and social conditions. Furthermore,
the level of commercial activity was negatively impacted by the strategic
decisions aimed at improving medium-term profitability (increased
selectivity, geographical activities streamlining, optimisation of marketing
investments, gradual model shift from firm to conditional purchases,
increase in dropshipping). In view of the information available to date on
the Group's activity at the end of November, Showroomprivé is now
forecasting a sharper than expected decline in second half revenues.
This revenue performance along with continued inventory rundown via physical
clearance sale networks under more challenging conditions will naturally
prevent Showroomprivé from restoring profitability in the second half as
planned. Nevertheless, the Group anticipates that the amount of its EBITDA
loss for the second half of the year will be significantly lower than the
loss recorded for the first half of 2019 and to reap the initial benefits of
its policy of tightly controlling operating expenses, streamlining support
services and optimising supply chains.
The Group will pursue its gradual climb towards medium-term profitability
while continuing to proactively roll out measures under the "Performance
2018-2020" plan.
Next releases
FY 2019 results, mid-March 2020
About showroomprive.com
Showroomprivé.com is an innovative European player in event-driven online
sales specialising in fashion. Showroomprivé offers a daily selection of
over 2,000 partner brands on mobile apps and via its website in France and
six other countries.
Since its foundation in 2006, the company has achieved fast and profitable
growth.
Listed on Euronext Paris (symbol: SRP), in 2018 Showroomprivé generated
gross revenues including tax of over EUR 900 million and net revenues of
EUR 672 million, up 3% versus the previous year. The Group employs over
1,150 people.
Read more at: https://showroomprivegroup.com [1]
Contacts
Showroomprivé ACTUS finance &
communication
Damien Fornier de Violet, Relations Grégoire Saint-Marc,
Investisseurs Relations Investisseurs
investor.relations@showroomprive.net showroomprive@actus.fr
+33 1 53 67 36 94
Priscilla Le Minter, Communication Alexandra Prisa,
Relations Presse
priscilla.leminter@showroomprive.net aprisa@actus.fr
+33 1 76 21 50 16 +33 1 53 67 36 90
[1]
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[1] Direct delivery from brand
2 The Group calculates EBITDA as net income for the period before expenses
for amortization, costs of share-based payments, nonrecurring items, the
cost of financial debt, other financial income and expenses and income taxes
Regulatory filing PDF file
Document title: PDF EN
Document: http://n.eqs.com/c/fncls.ssp?u=XFDYFEBWVK [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: Inside information / Other releases
EQS News ID: 940975
End of Announcement EQS News Service
940975 19-Dec-2019 CET/CEST
1: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=d87c52af6137cd2b1407550b7f5c1ae6&application_id=940975&site_id=vwd&application_name=news
2: https://link.cockpit.eqs.com/cgi-bin/fncls.ssp?fn=redirect&url=2103d6d6deddc7e7ab38f3b4931d0858&application_id=940975&site_id=vwd&application_name=news
(END) Dow Jones Newswires
December 19, 2019 13:51 ET (18:51 GMT)
