ABEO, one of the world leaders in sports and leisure equipment, announces its turnover and order intake as of 12/31/2022 (9 months).
€m |
2022/2023 |
2021/2022 |
Growth |
Growth |
Turnover of 3 |
55.4 |
52.2 |
+6.1% |
+3.7% |
Sport | 29.6 | 27.3 | +8.4% | +4.0% |
Sportainment & Climbing | 10.5 | 11.9 | -11.5% | -12.2% |
Cloakrooms | 15.3 | 13.1 | +17.2% | +17.5% |
9 month turnover |
173.2 |
147.9 |
+17.1% |
+12.7% |
Sport | 87.4 | 72.4 | +20.7% | +14.2% |
Sportainment & Climbing | 37.4 | 31.9 | +17.1% | +11.3% |
Cloakrooms | 48.4 | 43.6 | +11.2% | +11.2% |
Order intake as of 12/31 |
176.7 |
163.6 |
+8.0% |
+3.0% |
1: refers to the change in turnover over a comparable period and at constant scope, excluding the impact of exchange rate fluctuations
2: non-financial data – to measure the commercial momentum of its activities, the Group uses, among other things, the valued amount of orders taken over a given period. This indicator of commercial dynamics represents the total of all orders recorded over the period mentioned and compared with the same period for the previous year.
On the 3
th
quarter 2022/23, the ABEO Group achieved a turnover of €55.4 million, up 6.1%, including a scope effect linked to the integration of the latest acquisitions, Eurogym
[1]
and BigAirBag
[2]
(+1.6%) and a favorable currency effect of +0.8% (appreciation of the US dollar). The Group achieved a good performance over the quarter, with organic growth of 3.7% despite an unstable economic environment.
The division
Sport
maintains a good level of activity, with turnover of €29.6 million, up 8.4% (+4.0% in organic terms) which should be amplified over the last quarter. The division continued its momentum in North America, particularly in Gymnastics activities.
The division
Sportainment & Climbing
is falling back to 3
th
trimester after a 1
er
semester with very strong growth (H1 2022/23 +34.1%) and a demanding comparison base (Q3 2021/22 +43.6%) particularly in North America. The Division is impacted by longer project negotiation times in a highly competitive market, for which the Group’s offer is being adapted. The European market, meanwhile, remains well oriented.
Finally, the quarterly turnover of the division
Cloakrooms
showed strong growth of 17.2%, confirming the good commercial orientation observed in the previous quarter on the French and German markets.
Thus, at the end of the 9 months of the 2022/23 financial year, ABEO’s turnover amounts to €173.2 million, up 17.1% compared to the same period over the financial year. previous. As of December 31, 2022, organic growth stood at 12.7%, the contribution of the change in scope was positive at 2.3% (integration of Eurogym and BigAirBag) and the exchange rate effect was favorable at 2.1 %.
Trends and outlook
Commercial activity over the first 9 months of 2022/23 remains solid with
order intake amounting to €176.7 million at December 31, 2022, up 8.0%
(+3.0% in organic growth, +3.5% in external growth and +1.5% exchange rate effects) compared to the first 9 months of 2021/22.
For the full 2022/23 financial year, ABEO is in line with its business plan and confirms its double-digit organic growth ambitions.
In a context of heightened inflationary pressures in the 2
n/a
semester, combined with a very competitive market environment, the Group is careful to find the right balance between volume and operating margin, knowing that the 4
th
quarter is traditionally more of a contributor in terms of activity and results
.
In the medium term, the Group will benefit from strong visibility for its Spieth America brand, having been designated, for the first time, official equipment supplier by the American Gymnastics Federation (USAG) for major national and international competitions. in the USA. Thus, ABEO has a new growth lever for the Sport division over the coming years.
Finally, ABEO expects the gradual resumption of a new dynamic on the Asian market in a phase of gradual recovery following the lifting of health restrictions in China.
Next press release
May 16, 2023 after market close Revenue for the 2022/23 financial year
Find all the information on www.abeo-bourse.com
ABOUT ABEO |
ABEO is a major player in the sports and leisure market. As of March 31, 2022, the Group posted revenue of €205.3 million, 74% of which was generated outside France, and had 1,413 employees. |
contacts
For any questions related to this press release, or to ABEO, please contact
NEWS finance & communication
Investor Relations – Corinne Puissant
[email protected]
Phone: 01 53 67 36 77
Press relations – Serena Boni
[email protected]
Tel: 04 72 18 04 92
[1]
Integrated on 01/11/2021
[2]
Integrated on 06/01/2022
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