Earnings Release • Jul 22, 2019
Earnings Release
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Press release
22 July 2019. Vente-Unique.com, a European specialist in online furniture sales, today announced its revenues for the third quarter of the 2018-2019 financial year (1 April 2019 to 30 June 2019).
Quarterly revenues amounted to €22.1m, up 10% compared to the same period in 2018. This performance takes total revenues for the first nine months of the year to €71.3m, also up 10%.
| IFRS (€000) | 2017-2018 | 2018-2019 | Change |
|---|---|---|---|
| France | 40,421 | 41,442 | +3% |
| Northern and Eastern Europe1 | 15,986 | 18,588 | +16% |
| Southern Europe2 | 8,495 | 11,238 | +32% |
| Total | 64,902 | 71,269 | +10% |
Vente-unique.com posted robust growth in all regions where the company operates.
Southern Europe (€11.2m) maintained strong growth momentum (22% in the third quarter and 32% in total over 9 months) while Northern and Eastern Europe (€18.6m, up 16%) has seen a spectacular ramp-up quarter after quarter (up 10% in Q1, 17% in Q2 and 23% in Q3 2019). Over the first nine months, the international segment recorded 22% growth and generated 42% of consolidated revenues (up 4 points in one years).
In France (€41.4m), Vente-unique.com posted growth of 2% in the third quarter and 3% in total over the first nine months, despite a market context that has been adversely affected by strikes in that country since the beginning of the year.
In this context, Vente-Unique.com is confirming its target to post double-digit growth in FY 2018-2019, while maintaining an exemplary level of profitability despite the investments made (particularly in marketing and transport) to support the company's international expansion.
1 Germany + Austria + Belgium + Luxembourg + Netherlands + Poland + Switzerland
2 Spain + Italy + Portugal
In order to maintain a sustainable rate of growth in line with its historic average (up 12% per year), in early July Vente-unique.com opened a new storage area of over 24,000m² at its European logistics platform in Amblainville, in the Oise region. The surface area in use will therefore increase from 27,000 m² to 51,000 m² by the end of the year. This extra space will support growth as of the next financial year beginning in October 2019 and allows us to confirm our target of €150 million in revenue by 2022.
Vente-unique.com also announces the release of its financial report for H1 2019. It can be accessed at https://bourse.vente-unique.com/document-communique under "Documents".
Founded in 2006, Vente-unique.com (Euronext Growth: ALVU) is a European specialist in online furniture sales. The company covers 11 countries (France, Austria, Belgium, Germany, Italy, Luxembourg, Netherlands, Poland, Portugal, Spain and Switzerland) and has delivered to over 1 million customers since its inception. In 2018, Vente-unique.com posted revenues of €87 million, up 14%.
Jérôme Fabreguettes-Leib Nicolas Bouchez Investor Relations Press Relations [email protected] [email protected] +33 (0)1 53 67 36 78 +33 (0)1 53 67 36 74
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