U10 – 2016 annual sales: €199m “Transition in Asia completed”
January 25, 2017 at 01:02 pm EST
Share
Lyon, 25 January 2017
2016 annual sales: €199m "Transition in Asia completed"
Net sales (€ thousands)
2016
2015
Change (%)
Sales as of September 30
148,114
177,007
-16.3%
4th quarter
50,518
61,212
-17.5%
Annual sales
198,632
238,219
-16.6%
Of which
Asia
51,554
85,799
-39.9%
Europe
147,078
152,420
-3.5%
2016 annual sales
U10 reported annual sales of €199 million.
In Asia, sales were down for the year as expected following the voluntary discontinuation of Basic trading, a business characterised by a profitability too low for the level of expenses incurred.
This transition resulted in a 15.3% shortfall in U10's sales.
Historically, U10's business model has consistently grown through successive phases: the successive addition of key accounts has thus made it possible to regularly reach new levels of organic growth.
In Europe, 2016 sales remained stable at €147 million, reflecting the absence of billings from new key accounts.
Outlook
The impact of key accounts added in the second half of 2016 should be visible starting in 2016.
On top of the recent addition of key accounts in Europe, the start-up U10 Limited in Hong Kong is already confident in its outlook for the future. Indeed, following the exhibition of its collections at the Cantonand Frankfurtinternational trade fairs, a number of price/product quotes are currently being prepared for foreign prospects.
The "U10 Decoration" concept presented at these major fairs was perceived as very innovative and relevant. Its impact is comparable to the French business model when initially launched though this time at an international scale.
By creating U10 Limited, the objective at 3-5 years is to reach, and even exceed, in international markets the level of revenues generated in France.
U10 is a creator, supplier and provider of logistics services in the universe of decoration.
The financial communications calendar for 2017 can be consulted at the company's website at
http://u10.fr/stock-market/financial-calendar/
Euroclear: 7914 - ISIN FR0000079147
Contact: Next financial press release:
Patricia Michel - Finance Manager 2016 annual results
Tel: +33 (0)4 37 64 47 85 12 April 2017 after the close of trading
finances@u10.fr
U10 SA published this content on 25 January 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 January 2017 18:02:06 UTC.
Original documenthttp://u10.fr/wp-content/uploads/medias/U10-Q4-2016-net-sales.pdf
Public permalinkhttp://www.publicnow.com/view/6ECC3E5A1C76CA61E5FC3533758BA4BBB887ECB5
As an international distribution provider, U10 Corp is engaged in a value-added generator skill by creating customized products and services lines in the home and personal equipment. The group's offer is based primarily on a positioning in the interior design and home accessories universe, on the form of trendy items adapted according to the seasons and marketed in large quantity in the mass market. The group's first feature lies in the design of range. A range is a line of end products coordinated around a theme, designed for presentation through a self-service corners concept in the distributors' stores. The group's activity is organized around 2 forms:
- Europe division (80.7% of net sales): complementary customized services provision to customers (design of the ranges and conditioning, linear implantation, regular visit of the outlets, etc.);
- Asia division (19.3%): on the international stage, the focus is on the ranges customizing and manufacturers monitoring.
Products are manufactured by subcontractors.
Net sales are distributed geographically as follows: France (79.8%), European Union (11.3%) and other (8.9%).
U10 CORP 
