Earnings Release • Jun 18, 2015
Earnings Release
Open in ViewerOpens in native device viewer
Rousset (France), June 16th, 2015
Net consolidated income (group share) : € 554k (+1%)
CUSTOM SOLUTIONS (ISIN: FR0010889386 - Ticker: ALSOL) major player in France of Operational Marketing Solutions announces today its consolidated (unaudited) results for the 1 st half 2015 (from Oct 1 st, 2014 until Mar 31 st , 2015).
En thousands of euros 2015 2014 Variation 2015/2014 Sales Turnover 9 668 9 461 +2.2% Income before employee profit-sharing In % of sales TU 721 7.5% 636 6.7% +13.4% Income after employee profit-sharing In % of sales TU 507 5.2% 636 6.7% -20.2% Financial Result In % of sales TU 356 3.7% 551 5.8% -35.4% Current result before tax In % of sales TU 863 8.9% 1 187 12.5% -27.3% Exceptional result In % of sales TU 809 8.4% -97 -1.0% Corporate tax -889 -357 Net income prior to amortization of goodwill In % of sales TU 783 8.1% 732 7.7% +7.0% Amortization Goodwill Results of equity affiliates -175 -17 -161 -21 Net consolidated income In % of sales TU 591 6.1% 550 5.8% +7.5% Minority interests In % of sales TU -37 Net consolidated income (group share) In % of sales TU 554 5.7% 550 5.8% +1%
The presented figures are extracted from unaudited half year accounts.
The results of the 1st Half take advantage of the growth of 2.2 % of sales and of the increase of the 3 points gross margin related to the strategic refocusing operated in 2014: the sale of the group's logistic activities on October 1st, 2014 and the acquisition of the companies "Securised Guarantee Promotion" (SGP, formerly APP) and Lojaali, consolidated for the first time on H1. This refocusing allows to show a return in the growth of the operating profit which turns to 7,5 % of sales.
The financial result is established in 3,7% of sales, decreasing by 20.2 %, because of an unfavorable base effect, the H1 2014 having been impacted by strong added values sales of financial products. The group waits however for a more homogeneous distribution of its financial products between H1 and H2, contrary to 2014 (71 % of the financial result of 2014 had been made on H1).
The exceptional result, in sharp increase, is established in +€ 809k against -€ 97k in 2014. Almost all of the result is bound to the sale of the logistic activities. This operation highlighted a strong taxable increase in value, what explains the very sharp increase in the corporate tax on the 1st half-year 2015.
Goodwill amortizations, as well as results of equity companies are stable with regard to 2014 and allow to reach a consolidated net income of € 591k against € 550K in 2014, increasing by 7.5 %.
The minority interests correspond to the companies "Neodata" (45 % of part.), SGP (70 %) and Lojaali (55 %).
The consolidated net income attributable to the Group stands out in very light growth in € 554K in 2015, against € 550K in 2014, that means an increase of 1 %.
www.customsolutions.fr/en
The Group is going to pursue and to strengthen its focusing on the marketing and the digital. The last commercial successes with the industrial sector demonstrate the relevance of the Group's innovations, which also plans to accelerate the synergies with subsidiaries. The Group continues the reorganization of its decreasing traditional activities. The investments in the digital products are going to be accelerated to answer the high demand of innovation made by the market towards digital. These investments are going to continue to press on the level of profitability of the Group, on the short-term, but the transformation towards the digital technology is accelerating and the growth of the results should be confirmed in 2016, in line with the "RIO 2016 project".
Cédric Reny, Chief Executive Officer of Custom Solutions, comments :
"Our business is experiencing a strong transformation towards Big Data, and Custom Solutions is in the heart of the successful marketing digital innovations. We are again going to accelerate our investments to win in added value while reducing our costs on the historical activities. Our voluntarist policy of innovations is going to allow us to live a successful transition. The Group has increased and substantial financial resources and has found organic growth. These increasing results consolidate us in the committed strategy launched 2 years ago. "
NEXT PRESS RELEASE
(After market close)
www.customsolutions.fr/en
Custom Solutions is a major player in Operational Marketing Solutions, based in Aix-en-Provence. Founded in 1997, the company supports its customers in designing, deploying and analysing promotional campaigns to recruit and retain consumers and motivate their sales teams.
With 18 years of expertise and diverse skills poles, Custom Solutions has acquired a solid reputation among 300 major brands, including Sony, Michelin, Nokia, Total, Kärcher, Butagaz ...
In October 2013, the company introduced a 3-year strategic plan, the "RIO 2016" Project, which aims to make of Custom Solutions a leading player of operational marketing in Europe by 2016.
The project is based on three strategic levers: external growth, marketing and digital innovation and international expansion.
C'est dans cette optique que Custom Solutions a acquis en 2014 70% du groupe marketing français de solutions packagées Securised Guarantee Promotion (SGP, dont la marque Flexistart), et 55% de l'agence de promotion digitale finlandaise LOJAALI et de son antenne suédoise LOYALTIC et cédé ses activités logistiques.
It is with this in mind that Custom Solutions acquired in 2014 70% of the French marketing group "Securised Guarantee Promotion" (SGP, including the "Flexistart" trademark), specialized in packaged solutions, and 55% of the Finnish digital promotion agency "LOJAALI" and its Swedish antenna "LOYALTIC", and sold its logistics activities.
Listed on Euronext's Alternext Paris ISIN : FR0010889386 – Mnemonic : ALSOL Eligible to PEA-PME Labelized « Innovative Company » by BPIFRANCE
Cédric Reny Chief Executive Officer https://fr.linkedin.com/pub/cédric-reny/b7/669/69b
David LEBEC Administrative and Financial Director
Phone : +33 (0)4 86 91 43
[email protected] https://www.linkedin.com/pub/david-lebec/43/809/60a https://fr.linkedin.com/pub/cédric-reny/b7/669/69b
Jérôme Guyot Listing Sponsor [email protected]
www.customsolutions.fr/en
CUSTOM SOLUTIONS - capital of € 4 863 050 - RCS (SIRET): Aix en Provence 500 517 776 (00042) - VAT FR 33 500 517 776- APE 7311 Z ZI Rousset, 135 Avenue Victoire, 13790 Rousset (France)- Phone: +33 (0)4 86 91 42 00 - Fax: +33 (0)4 86 91 42 30 - e-mail: [email protected]
Building tools?
Free accounts include 100 API calls/year for testing.
Have a question? We'll get back to you promptly.