PR Newswire/Les Echos/
PRESS RELEASE
Sales for 1st quarter 2008: €25.6m
Paris, 8th May 2008:
Groupe VIAL (ISIN: FR0010340406), France's leading independent industrial
joinery discount group, today announces its consolidated sales for the 1st
quarter 2008 ending the 31st March.
The consolidated sales for Q1 2008 come out at €25.6m, up by 3.3%.
At constant scope (excluding stores opened in 2007), sales decline by 6.9%.
Despite the difficult economic environment, the migration of mature-store
salespeople towards the recently opened stores, and the problems encountered
with the information system (setting up the ERP), Groupe VIAL has achieved to
maintain a slight growth of its activity.
No new sales outlets were opened in Q1 2008, but several agreements for opening
new stores were signed. Thus, on the 31st March 2008 Groupe Vial's distribution
network is made up of 60 open sales outlets and 11 further ones that have been
signed for and should open in 2008. The network is structured as such:
- France: 66 stores = 57 open ones + signed agreements for 9 more
- Spain: 5 stores = 3 open ones + signed agreement for 2 more
Thanks to the Group's discount model, to the new 2008 catalogue, and to the
gradual build up of recently opened stores, Groupe VIAL should display
acceleration in its sales growth in the next few quarters.
Next press release:
Half-year 2008 sales: 30 July 2008 (after the market
closes)
About Groupe VIAL (www.groupe-vial.com)
Listed on the Eurolist (Compartment B) of Euronext Paris 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 the 60-store VIAL Menuiseries distribution network (including 3
stores in Spain).
Groupe VIAL is France's largest independent discount joinery specialist.
The Group reported 2007 consolidated sales of €107.3m (+22.2%), an operating
margin of 20.2% and net profit of €12.7m.
Public site: www.vial-menuiseries.com
1/2
Listed on Euronext Paris compartment B of NYSE Euronext
ISIN: FR0010340406 - Mnemonic: VIA
Reuters: VIA.PA - Bloomberg: VIA FP
Contacts
Groupe VIAL NewCap.
Jean-François Buigues Financial Communications - Investor Relations
Chief Financial Officer Steve Grobet / Pierre Laurent
investisseurs@groupe-vial.com Tel: +33 (0)1 44 71 94 94
Fax: +33 (0)1 44 71 94 90
vial@newcap.fr
2/2
The content and accuracy of news releases published on this site and/or
distributed by PR Newswire or its partners are the sole responsibility of the
originating company or organisation. Whilst every effort is made to ensure the
accuracy of our services, such releases are not actively monitored or reviewed
by PR Newswire or its partners and under no circumstances shall PR Newswire or
its partners be liable for any loss or damage resulting from the use of such
information. All information should be checked prior to publication.