Marseilles, May 17, 2022
. Avenir Telecom, designer and distributor of mobile phones and mobility accessories marketed under exclusive worldwide brand license
Energizer®
announces its annual revenue as well as its earnings forecast for the 2021-2022 financial year (period from 1
er
April 2021 to March 31, 2022).
(in millions of euros) | 2020-2021 | 2021-2022 | Variation | |
|
Turnover |
16.1 |
43.8 |
+171.5% | |
|
Operating income |
(1.8) |
CN |
↑ | |
Net financial charges | (1.1) |
CN |
↑ | |
|
Net income from continuing operations |
(2.9) |
CN |
↑ |
Record turnover since fiscal year 2017-2018
Avenir Telecom ends the 2021-2022 financial year with an annual turnover of 43.8 million euros, i.e. a multiplication by 2.7 compared to its level of income for the previous financial year. Above all, the Group is back to a level of activity unmatched since the 2017-2018 financial year.
[1]
, a period during which Avenir Telecom implemented its continuation plan. Through its strategic choices, Management demonstrates its ability to reconnect with significant business volumes.
This growth is the result of a 22% increase in invoicing from the sale of mobile telephones and accessories (24.2 million euros) and the contribution of laptop computer sales (19.7 million euros) started during the financial year.
This new activity boosted sales in Europe, the Middle East and Africa (75% of turnover), while the Asia zone (25% of turnover) benefited from the continued expansion of the distribution network of mobile phones.
Strong improvement in profit from continuing operations
Thanks to this growth and very good cost control in a yet complex macroeconomic environment (shortage of components and logistical difficulties in particular), Avenir Telecom should present annual accounts showing continuous improvement with operating profit and net profit from continuing operations in clear improvement compared to their levels of the 2020-2021 financial year.
Again, these will simply be the best results published since the implementation of the recovery plan
1
.
Available cash of €25 million at the end of March 2022
On the strength of this solid level of results and available cash of 25 million euros at the end of March 2022, against 16.2 million a year earlier, Avenir Telecom is approaching the new financial year which has just opened with serenity.
The Group has several strategic options to maintain its commercial and financial momentum and will reveal its development projects when it publishes its annual results.
About
Future Telecom
The Avenir Telecom Group is a designer and distributor of mobile phones and mobility accessories marketed under an exclusive and worldwide brand license.
Energizer®
.
The products are currently present in more than 55 countries and more than half of the sales are made internationally. Avenir Telecom is listed on Euronext in Paris – compartment C (FR0013529815 – AVT). The Avenir Telecom share is part of the CAC Mid & Small and CAC Technology indices.
Press and Investor Contacts
|
Veronique Hernandez |
Jerome Fabreguettes-Leib |
Amaury Dugast |
|
Administrative director |
Investor Relations |
Press relations |
+33 4 88 00 60 00 | +33 1 53 67 36 78 | +33 1 53 67 36 74 |
Find all our financial information on
corporate.avenir-telecom.com
[1]
Excluding income from discontinued operations
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Regulated information:
Inside information:
– Information on annual turnover
Full and original press release in PDF format:
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