January - September 2011 turnover
Sharp increase in turnover (+32%), both in France and abroad
Growth of first equipment sales (+34%), as well as recurring turnover (+29%)
Third quarter 2011
During the third quarter 2011, Store Electronic Systems delivered 72 new stores in France and 115 abroad, generating sales of €14 727 K, up 26% over Q3 2010. In absolute terms, this is a very high third quarter.
In K€
Q3 2010
Q3 2011
% change
Turnover
11,647
14,727
+26%
of which France
7,121
8,812
+24%
of which export markets
4,526
5,915
+31%
Jan. - Sept. 2011
Over the first 9 months of 2011, SES has delivered 591 stores for a turnover of €42 971 K, up 32% over the same period in 2010. The total revenues for FY 2010 are nearly matched. It should be noted that recurring turnover alone accounts for 39% of the total; it stands at €16 926 K, up 29% over 2010. Export sales continue to exhibit very strong growth (+56%); this is partly due to the delivery of new stores in Denmark (Dansk Supermaked) and Italy (Carrefour Market and Multicedi).
In K€
Jan-Sept 2010
Jan-Sept 2011
% change
Turnover
32,576
42,971
+32%
of which France
21,310
27,058
+27%
of which export markets
11,266
15,913
+41%
During the same period, new orders have increased by 15% over the previous year.
In number of stores
Jan-Sept 2010
Jan-Sept 2011
% change
Orders
521
598
+15%
of which France
224
303
+35%
of which export markets
297
295
-1%
New orders in France are up 35%, thanks notably to the signing of Monoprix stores in the first quarter. The number of new orders abroad remains very high, comparable with 2010.
Sales outlook
Store Electronic Systems will continue to increase its penetration of new non-food retail sectors in France, and will keep up a sustained pace of development abroad.
Deliveries of new-generation graphic labels are gradually picking up speed. Significant functional progress should be announced early in 2012.
Management remains confident regarding the level of activity in the final quarter of the year, although growth is expected to be somewhat slower; business will no longer benefit from the rollouts at the Dansk Supermaked group (Foetex supermarkets and Bilka hypermarkets).
Q4 2011 turnover will be published on February 09, 2012
About Store Electronic Systems
Store Electronic Systems is the worldwide leader in Electronic Shelf Labelling systems (ESL) for large-scale food and non-food retailers. The company designs, markets and installs all the system’s components (software and communication platform, displays, mounts) thus providing clients with a turnkey solution.
The range of products and services offered by SES allows retailers to manage pricing dynamically, while significantly improving store productivity.
Store Electronic Systems is listed on Compartment C of EuronextTM Paris.
Mnémo: SESLCodes ISIN: FR0010282822 - Reuters: SESL.PA - Bloomberg: SESL.FP
www.store-electronic-systems.com
Your contacts
Michel Boyer, Executive Vice President and C.F.O., Tel.: +33 (0)1 34 34 61 66, michel.boyer@ses-esl.com
Guillaume Portier, VP Marketing, Tel.: +33 (0)1 34 34 61 73, guillaume.portier@ses-esl.com
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires
Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-25763-cp-ses-101111.pdf
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