4.3% increase in 2014 1st quarter revenues

AUDIKA

4.3% increase in 2014 1^st quarter revenues

The Audika Group returned to growth in the first quarter of its 2014 financial year, and generated revenues of €24.1 million, up 4.3% (+2.8% on a like-for-like basis). However, customers remained extremely hesitant during the period, due to an economic environment that remained depressed.

This overall increase in business volumes is primarily due to a significant improvement in the trend in France, a region that contributed €22.0 million over the quarter, i.e. a 4.0% increase in business volumes (+3.2% on a like-for-like basis) compared with 2013. The Group also benefited from the successful launch of its marketing initiatives, which primarily focused on the launch campaign for its own-brand Connect by Audika hearing solutions.

Outside France, the Belgian centres generated revenues of €0.2 million over the quarter, which was in line with expectations. Revenues in Italy remained virtually unchanged at €1.9 million, as the network's performance was held back by a sluggish local market.

Over the coming months, Audika intends to confirm the improvement of its business volume trend by relying on the continuation of the marketing initiatives launched since the beginning of the financial year.

The Audika Group will release its 2014 first-half revenues on 21 July 2014 after the Stock Market close.

A propos d'Audika :

Avec plus de 460 centres répartis dans 91 départements, Audika est le premier réseau français de centres spécialisés dans la correction auditive. Le groupe est également présent depuis 2007 en Italie (55 centres) et depuis 2013 en Belgique (4 centres). Positionné sur le marché des Seniors, Audika a vocation à renforcer son leadership sur un secteur encore très atomisé. Audika est coté sur Euronext Paris, compartiment C.

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ISIN FR0000063752-ADI Reuters DIKA.PA Bloomberg ADI:FP -Nombre d'actions : 9 450 000

 

Contact Audika : Alain Tonnard / Etienne Sirand-Pugnet au +33 (0)1 55 37 30 30

Contact Actus Finance : Guillaume Le Floch au +33 (0)1 72 74 82 25

 

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Quelle: Actusnews