U10 – H1 2018 revenue: €86.7m. Transfer to Euronext Growth approved
July 25, 2018 at 12:54 pm EDT
Share
Lyon, 25 July 2018
H1 2018 revenue: €86.7m
Transfer to Euronext Growth approved
H1 2018 revenue: € thousands - French GAAP
H1 2018
H1 2017
Change
(%)
Change (%) (excl. currency effects)
U10 - FRANCE
66,203
63,554
+4.2%
+4.2%
U10 - ASIA
20,524
22,578
-9.1%
+1.7%
TOTAL
86,727
86,132
+0.7%
+3.5%
H1 2018
Revenue in the first half rose marginally 3.5% at constant dollars.
U10France: growth was largely driven by theDecorationbusiness which wasup 6%.
U10Asia:following a period of decline, revenue, which includes the new U10 Limited business model, stabilised at constant dollars.
Developments and prospects
As the strategic focus for U10's development, theexportande-commercebusinesses are becoming, and are destined to become even more so, important contributors to the Group's expansion.
The business development programme targetingmajor online playersandinternational retailershas already started to produce results in the Interior Decoration business.
U10 intends to maintain investments supporting business development efforts and international exhibitions which representgenuine growth drivers.
Transfer of the shares to Euronext Growth
The Euronext Listing Boardapprovedthe application totransfer of U10 shares to Euronext Growthon 20 July.
The information document (French version) is available at the company's website under the heading "Financial Information",https://u10.fr/la-bourse/informations-financieres.
Thetimetablefor the transfer is as follows:
- 02/08/2018: publication of notices by Euronext announcing the Euronext delisting and the admission to Euronext Growth
- 03/08/2018:last day of trading on Euronext
-06/08/2018:delisting on Euronext - admission to and commencement of trading on Euronext Growth
U10 has decided to apply French GAAP for the preparation of its consolidated financial statements as from FY 2018. In light of the Group's business, there is no difference between French GAAP and IFRS revenue.
U10 selectedEuroland Corporateas the Advisor and Listing Sponsor to assist it in this transfer to Euronext Growth.
U10: a retail industry supplier for interior design and household decorations
Euroclear: 7914 - ISIN FR0000079147
Contact:
Next financial press release:
Patricia Michel - Finance Manager
H1 2018 results
Tel: +33 (0)4 37 64 47 85
26 September 2018 after the close of trading
finances@u10.fr
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Disclaimer
U10 SA published this content on 25 July 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 25 July 2018 16:53:09 UTC
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 
