DJ Showroomprive.com: CONTINUATION OF THE BUSINESS MOMENTUM SINCE THE BEGINNING OF THE FOURTH QUARTER - 2020 TARGET EBITDA RAISED
Showroomprive.com
Showroomprive.com: CONTINUATION OF THE BUSINESS MOMENTUM SINCE THE BEGINNING
OF THE FOURTH QUARTER - 2020 TARGET EBITDA RAISED
16-Dec-2020 / 19:15 CET/CEST
Dissemination of a French Regulatory News, transmitted by EQS Group.
The issuer is solely responsible for the content of this announcement.
CONTINUATION OF THE BUSINESS MOMENTUM since the beginning of the FOURTH
QUARTER - 2020 target EBITDA RAISED
SHOWROOMPRIV?? raises ITS 2020 EBITDA[1] FORECAST TO OVER €30 MILLION
La Plaine Saint Denis, 16 December 2020 - Showroomprivé (SRP Group), a
leading European online retailer specialising in fashion for the Digital
Woman, is recording an excellent year-end performance in line with the trend
observed over the past two quarters and therefore raises its 2020 EBITDA
target from the forecast previously announced.
During this 4th quarter, traditionally the strongest of the year, sales
benefited from the pre-Christmas sales surge amid a favourable environment
for e-commerce. Sales were reinforced by the success of the advertising
campaigns conducted since Q2 2020 aimed at repositioning the brand, which
attracted a host of new shoppers whilst consolidating the repeat customer
base.
This attractiveness was further reinforced by the enhanced offering of new
premium brands, the results of intensive work by the sales teams.
Accordingly, since the beginning of 2020, around 3,000 partner brands have
placed their trust in the Group, enabling over 30% growth vs. 2019 and a
very strong retention rate.
This excellent business momentum exceeding targets previously announced has
a virtuous effect on profitability. As such, the Group raises its 2020
EBITDA target and forecasts it to be over €30 million from close to
€20 million as previously announced.
This performance is driven by the favourable environment for e-commerce
linked to the health crisis as well as the rewards of the 2018-2020
Performance Plan rolled out in order to optimise all key corporate
functions: greater selectivity with regards to the product offering,
logistics rationalisation, the development of the drop-shipping and control
of operating and marketing expenses.
Following the implementation of the Group's refinancing, the strengthening
of its capital and the significant uplift of its operational performance,
the Group tackles the beginning of 2021 with good momentum. The Group will
publish its annual results in March 2021.
UPCOMING INFORMATION
2020 results: March 2021
FORWARD-LOOKING STATEMENTS
This press release solely contains summary information and is not intended
to be detailed. This press release may contain forward-looking information
and statements relating to the Group and its subsidiaries. These statements
include financial projections and estimates and their underlying hypotheses,
statements with respect to plans, to objectives and to expectations relating
to operations that are still to come, to future revenues and services, and
statements with respect to future performance. Forward-looking statements
can be identified by the words "believe", "anticipate", "objective" or
similar expressions. Even if the Group believes that the expectations
reflected by such forward looking statements are reasonable, investors and
shareholders of the Group are advised of the fact that the information and
forward-looking statements are subject to numerous risks and uncertainties,
many of which are difficult to predict and generally out of the control of
the Group, which could imply that the effective results and events can
differ significantly and in an unfavourable manner from those that are
communicated, implied or indicated by this information and these forward
looking statements. These risks and uncertainties include those that are
advanced or identified in the documents filed or that are to be filed with
the Financial Markets Authority by the Group (in particular those detailed
in chapter 4 of the reference document of the Company). The Group does not
take on any commitment to publish updates of the forward-looking
information, this whether subsequent to new information, to future events or
to any other element.
ABOUT showroomprive.com
Showroomprivé.com is a European player in event-driven online sales that is
innovative and specialized in fashion. Showroomprivé proposes a daily
selection of more than 2,000 partner brands over its mobile applications or
its Internet site in France and in six other countries. Since its creation
in 2006, the company has undergone quick growth.
Listed on the Euronext Paris market (code: SRP), Showroomprivé achieved a
gross internet business volume with all taxes included of more than 822
million euros in 2019, and net revenue of 616 million euros. The Group
employs more than 950 people.
For more information: https://www.showroomprivegroup.com [1]
Contacts
Showroomprivé ACTUS finance &
communication
Sylvie Chan Diaz, Investor relations Grégoire Saint-Marc,
Investor relations
investor.relations@showroomprive.net showroomprive@actus.fr
+33 1 53 67 36 94
Priscilla Le Minter, Communication Manon Clairet, Press
Relations
priscilla.leminter@showroomprive.net mclairet@actus.fr
+33 1 76 21 50 16 +33 1 53 67 36 73
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[1] EBITDA, according to the definition used by the Company, is obtained by
deducting from net income: the amortisation of assets recognised following a
business combination; amortisation and depreciation of intangible assets and
property, plant and equipment; the costs of share-based payments, including
the expense arising from expensing the fair value of bonus shares and stock
options granted to employees over the vesting period; other non-recurring
operating income or expenses, net cost of debt and other financial income
and expenses, and the tax expense for the year
Regulatory filing PDF file
File: CONTINUATION OF THE BUSINESS MOMENTUM SINCE THE BEGINNING OF THE
FOURTH QUARTER - 2020 TARGET EBITDA RAISED [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: 1155852
End of Announcement EQS News Service
1155852 16-Dec-2020 CET/CEST
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(END) Dow Jones Newswires
December 16, 2020 13:15 ET (18:15 GMT)
