ABEO, one of the world leaders in sports and leisure equipment, Official Supporter of the Paris 2024 Olympic and Paralympic Games, announces its turnover and order intake for 1
er
half-year of its 2023/24 financial year (from 1
er
April to September 30, 2023).
|
M€ |
2023/2024 |
2022/2023 |
Growth |
Growth |
|
Turnover of 2 |
65.5 |
61.8 |
+6.1% |
+7.4% |
Sport | 35.6 | 32.5 | +9.3% | +10.7% |
Sports & Climbing | 12.2 | 12.6 | -2.9% | 0.0% |
Cloakrooms | 17.7 | 16.6 | +6.6% | +6.7% |
|
Turnover of 1 |
123.5 |
117.8 |
+4.8% |
+5.3% |
Sport | 64.2 | 57.9 | +11.0% | +10.9% |
Sports & Climbing | 25.3 | 26.8 | -5.7% | -3.6% |
Cloakrooms | 34.0 | 33.1 | +2.6% | +2.7% |
|
Orders taken as of 09/30 |
122.1 |
113.8 |
+7.3% |
+8.1% |
designates the variation in turnover over a comparable period and at constant scope, excluding the impacts of exchange rate variations
non-financial data – to measure the commercial dynamics 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 accumulation of all orders recorded over the period mentioned and compared with the same period for the previous financial year.
Acceleration of growth in 2
th
quarter
Under 2
th
quarter 2023/24, ABEO’s consolidated turnover reached €65.5 million, organic growth of 7.4% (+6.1% in published data) compared to the 2
th
quarter 2022/23. The currency effect was unfavorable by 1.4%, mainly due to the depreciation of the US dollar.
The activity of the division
Sport
continues its dynamic with a turnover up purely organically by 10.7% (+9.3% in published data), a performance still supported by Gymnastics activities in Europe and North America.
The turnover of the division
Sports & Climbing
stable organically at €12.2 million (-2.9% in published data) compared to the same period last year. Core activities continue to post excellent performances while the Sportainment market in the United States remains in line with the trend observed in the first quarter.
Finally, the division
Cloakrooms
maintains a good level of activity with a turnover of €17.7 million, organic growth of 6.7% (+6.6% in published data).
Thus, at the end of 1
er
half-year 2023/24, ABEO’s turnover amounts to €123.5 million, an organic increase of 5.3% (+4.8% in published data) compared to the same period of the financial year precedent and perfectly in line with its expectations.
Trends and outlook
In the second half of 2023/24, ABEO will benefit
solid order intake as of September 30, 2023, which amounted to €122.1 million, an organic increase of 8.1%
compared to 1
er
half-year 2022/23 (+7.8% in published data).
Comforted by the commercial performance of this first half, ABEO is confident in its ability to maintain growth while continuing to consolidate its level of operational performance.
The Group’s brands in force in gymnastics competitions
Through
Gymnova
the Group’s emblematic gymnastics brand, ABEO equipped all of the events with the new
French International Gymnastics
last September 16 and 17. The event took place in the legendary Arena Bercy room, serving as a rehearsal less than a year before the
Paris 2024 Olympic Games
which will take place in this same room and during which Gymnova will have the honor of providing all the gymnastic sports equipment.
Spieth
official equipment supplier of the European Gymnastics Union (UEG) has delivered all of the exercise areas for
World Artistic Gymnastics Championships
2023 which took place in Antwerp (from September 30 to October 8).
Brick, ABEO’s Parkour range, main sponsor of the Parkour Asian Tour
Brick, associated with the International Gymnastics Federation provided two sets of Parkour obstacles during the Parkour Asian Tour, which took place in six countries in Southeast Asia (Cambodia, Indonesia, Malaysia, Philippines, Thailand and Vietnam) in August 2023. An innovative event which represents an ideal platform to introduce this sport to a whole new audience.
Next meeting
December 5, 2023 – Results of 1
er
semester 2023/24 (after scholarship)
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, 2023, the Group had a turnover of €238.8 million, of which 74% was generated outside France, and had 1,446 employees. |
Contacts
For any questions related to this press release, or to ABEO, please contact
NEWS finance & communication
Investor relations – Corinne Puissant
[email protected]
Tel: 01 53 67 36 77
Press relations – Serena Boni
[email protected]
Tel: 04 72 18 04 92
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