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Abeo Sa: ABEO: Turnover at the end of December 2021 up 14% to EUR 148 million


A third quarter at +13% penalized by strong tensions within the value chain

Very good commercial momentum: order intake over 9 months up 30%

ABEO, one of the world leaders in sports and leisure equipment, announces its turnover and order intake for the 3th quarter of its 2021/22 financial year (from 1er October to December 31, 2021).

€m
Unaudited
2021/20222020/2021GrowthGrowth
Organic1
Turnover of 3and trimester52.246.2+13.1%+10.0%
Sport27.323.5+16.2%+11.7%
Sportainment & Climbing11.98.3+43.6%+40.2%
Cloakrooms13.114.4-9.4%-10.2%
9 month turnover147.9130.0+13.8%+12.5%
Sport72.461.9+16.9%+15.0%
Sportainment & Climbing31.928.6+11.6%+10.9%
Cloakrooms43.639.4+10.4%+9.7%
Order intake as of 12/312163.6126.1+29.7%+28.8%

1: refers to the change in revenue over a comparable period and on a like-for-like basis, 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.

For the 3th quarter 2021/22, ABEO achieved a turnover of €52.2 million, up 13.1% including the integration of Eurogym for 1.7% (2 months). Organic growth remains solid at 10.0% despite an environment that continues to suffer the effects of the health crisis. In a context of business rebound, ABEO had to deal with strong tensions within the value chain and the Group’s production sites leading to delivery delays. Currency effects were favorable by 1.5% over the quarter.

The sports department recorded its best quarter in volume at constant scope since the start of the health crisis, with revenue of €27.3 million, up 16.2% (11.7% organic). Growth is driven by a continued recovery in Gymnastics activities, a marked acceleration in the Benelux zone and the successful integration of Eurogym.

The division Sportainment & Climbing continues to ramp up with a record volume of turnover since the start of the health crisis, up 43.6% over the quarter. The momentum of recovery, observed in the second quarter, is confirmed in the core business activities as well as in the sports equipment market in the United States.

Finally, the quarterly turnover of the Changing room division was down 9.4% over the period given a demanding basis of comparison. The 4th quarter of 2021/22 will benefit from the good commercial momentum observed in this division.

Thus, at the end of the first 9 months of the 2021/22 financial year, ABEO achieved a turnover of €147.9 million, i.e. a growth of 13.8% compared to the same period of the previous financial year. . As of December 31, 2021, organic growth stood at 12.5%, the integration of Eurogym and currency effects contributed 0.6% and 0.7% respectively.

Favorable outlook

The volume of orders for 3th quarter of the 2021/22 financial year is very well oriented and is back to pre-health crisis levels. Thus, since the start of the financial year, commercial activity has been very dynamic across all divisions with cumulative order intake as of December 31, 2021 amounting to €163.6 million, up sharply by 29. 7% and accelerating in the third quarter.

The Group’s growth rate since the beginning of the financial year combined with well-oriented order intake allow ABEO to reiterate its full confidence in the pursuit of a dynamic activity accompanied by a solid operational performance.

SPIETH America, will equip the 2022 World Games in the United States

SPIETH America, a major player in the world of gymnastics, has been appointed Official Supplier of the next World Games 2022, which will be held from July 7 to 17, in Birmingham, Alabama, in the United States.

In line with the Olympic Games, the World Games are a multi-sport competition organized by the IWGA (International World Games Association), which has been held every four years since 1981 and where the best international sportsmen meet. In July 2022, the 11th edition will bring together nearly 3,600 athletes involved in more than 30 disciplines.

SPIETH America will thus supply the equipment for the acrobatic, aerobic and rhythmic gymnastics events, the tumbling events as well as the trampoline events. SPIETH America will also contribute to Parkour events through its partnership with Hurricane. Parkour, the art of crossing, is a booming acrobatic sports discipline, which consists of crossing obstacles with quick and agile movements.

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May 16, 2022 after market close – 2021/22 annual revenue

Find all the information about www.abeo-bourse.com


ABOUT ABEO

ABEO is a major player in the sports and leisure market. As of March 31, 2021, the Group posted revenue of €174 million, 73% of which was generated outside France, and had 1,339 employees.
Creator, manufacturer and distributor of sports and leisure equipment, ABEO supports its professional customers: specialized sports halls and clubs, leisure centres, education sector, local authorities, building professionals… in the implementation of their projects.
ABEO has a unique global offer with a presence in many segments: gymnastics apparatus and mats, team sports equipment, physical education, climbing walls, leisure, fitting out changing rooms. The Group has a portfolio of strong brands, partners of sports federations and present at major sporting events, including the Olympic Games.
ABEO (ISIN code FR0013185857, ABEO) is listed on Euronext Paris – Compartment C.


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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