Abéo SA Reports Unaudited Consolidated Revenue Results for the Fourth Quarter and Full Year Ended March 31, 2017; Provides Earnings Guidance for the Full Year 2017
May 15, 2017 at 02:12 pm
Share
Abéo SA reported unaudited consolidated revenue results for the fourth quarter and full year ended March 31, 2017. For the quarter, the company reported revenue of EUR 43 million, up a record 21%, including 16% organic growth compared to EUR 35.4 million a year ago.
For the year ended, the company reported revenue of EUR 167.1 million, up 13% fuelled by buoyant demand abroad compared to EUR 148.4 million a year ago. 2016/2017 full-year revenue growth amounted to 12.6% and breaks down between 13.1% organic growth, 2.7% currency losses, primarily due to lower GBP and RMB exchange rates, and acquisitions accounting for 2.2% growth, which comprise Germany-based Erhard Sport on 11 November 2016, New Zealand-based Clip'n Climb International on 1 December 2016 and Sportsafe UK on 1 January 2017.
In view of the sharp growth in revenue, the company forecasts an increase in the 2016/2017 full-year operating profit margin (i.e. EBITDA as % of revenue) over 2015/2016.
ABEO SA specializes in the design, manufacture and marketing of sports and leisure equipment. The group supports its professional clients (specialized sports halls and clubs, leisure centers, education sector, local authorities, building professionals, etc.) in the implementation of their projects. ABEO SA owns a portfolio of brands that are partners of sports federations and present at major sporting events, including the Olympic Games. Net sales break down by family of products as follows:
- gymnastics, team sports and physical training equipment (52%): gymnastic equipment, carpets, landing mats, training and competition gear, etc. (Bosan, Cannice, Erhard Sport, Gymnova, Janssen-Fritsen, Schelde Sport, Spieth Gymnastics and Sportsafeuk brands);
- changing rooms and sanitary equipment (27.5%): toilet cubicles, lockers and cabinets, shower walls, benches and coat racks, wall cladding, etc. (France Equipement, Meta, Navic, Prospec, Sanitec and Suffixe brands);
- walls, play modules and climbing equipment (20.5%): Entre-Prises, Top 30, Dock 39 and Clip'N Climb.
At the end of March 2023, the group operated 18 production sites located in France (5), Europe (8), the United States (3), China, and Canada.
Net sales are distributed geographically as follows: France (31.7%), European Union (41.8%), Europe (11.6%), America (14.1%) and Asia (0.8%).
Abéo SA Reports Unaudited Consolidated Revenue Results for the Fourth Quarter and Full Year Ended March 31, 2017; Provides Earnings Guidance for the Full Year 2017
ABEO SA 
