LDLC.com SA Reports Unaudited Consolidated Revenue Results for the First Quarter Ended June 30, 2016; Provides Earnings Guidance for the Year 2016
LDLC.com SA reported unaudited consolidated revenue results for the first quarter ended June 30, 2016. For the quarter, the company reported revenues of 104.2 million, up 53.2% from 68.0 million for the same period last year. Excluding Materiel.net, which was consolidated from 01/04/2016, like-for-like growth amounted to 11.8%. The integration of Materiel.net is progressing according to plan and has not dampened the Group's growth momentum. The Group achieved strong like-for-like growth compared to the first quarter of 2015/2016, which also posted sustained growth.
For the current financial year, the Group is aiming at double-digit growth plus an improvement in the EBITDA value. The LDLC Group has set itself the goal of reaching the billion-euro revenue mark with an EBITDA margin of 5.5%-6% by 2021. By that time, the Group plans to have around 100 stores up and running.