PR Newswire/Les Echos/
PRESS RELEASE
Sales for the 2nd quarter of 2009: EUR27.8 million (-1%)
Sales for the 1st half of 2009: EUR52.2 million (-3%)
Paris, 13th August 2009:
Groupe VIAL (FR0010340406), France's leading independent industrial joinery
discount group, announces its consolidated sales for its 2nd quarter and 1st
half to 30th June 2009.
Consolidated sales
In EUR millions 2009 2008 Var.(%)
IFRS
1st quarter 24.4 25.6 -4.8%
2nd quarter 27.8 28.2 -1.2%
Total 1st half 52.2 53.8 -2.9%
Consolidated sales for the 2nd quarter of 2009 totalled EUR27.8 million, almost
stable compared to the 2nd quarter of 2008. This fine resistance of the Group's
activity within the ongoing difficult economic environment, notably for new
housing starts, is due to the adapting of the Vial Menuiseries product range and
the growth of the stores opened over the last three years. Like for like
(excluding activity in Bolivia and stores opened since 31st March 2008), sales
were down 10.8%.
Over the first half of 2009, consolidated sales came to EUR52.2 million, a
slight fall of 2.9%.
In accordance with the programme of corrective measures adopted in mid-2008, new
store openings have been almost frozen this year. Hence, over the second
quarter, a single store was opened (in Moulins, central France), taking the
total number of stores opened over the first half of the year to 2. Thus, at
30th June 2009, Groupe Vial's distribution network consisted of 72 stores split
as follows:
- France: 65 stores
- Spain: 6 stores
- Portugal: 1 store
Moreover, in May 2009, Groupe Vial launched, as it does every year, its new
catalogue that again devotes a large amount of its space to renovation products
because of the slump in the new housing sector and in order to benefit from the
relatively good performance of the renovation market. Furthermore, this market
has significant potential for coming years, notably because of new thermal and
environmental norms, as well as tax incentives that are currently being set up.
Groupe Vial should thus fully benefit from the growth of this market in coming
years thanks to its numerous innovations in this domain and to its quality /
price positioning that remains very competitive, including for tailor-made
products.
About Groupe VIAL (www.groupe-vial.com)
Listed on Euronext Paris of NYSE Euronext since December 2006, Groupe VIAL
manufactures and distributes aluminium, PVC and wood joinery products (doors,
windows, gates, stairs, etc.) offering unparalleled value for money through
tight control of supply lines; efficient, modern production facilities and its
vast distribution network that consisted, at 30th June 2009, of 72 stores opened
under the VIAL Menuiseries brand, including 6 in Spain and 1 in Portugal.
Public site: www.vial-menuiseries.com
Compartment C of Euronext Paris, a NYSE Euronext Group market
Reuters: VIA.PA - Bloomberg: VIA FP
Contacts
Groupe VIAL
Jean-François Buigues
Chief Financial Officer
investisseurs@groupe-vial.com
NewCap
Financial Communications - Investor Relations
Steve Grobet / Pierre Laurent
Tel: +33 (0)1 44 71 94 94
Fax: +33 (0)1 44 71 94 90
vial@newcap.fr
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