COMMUNICATED – JULY 21, 2022
Turnover for the 2021/2022 financial year
Progress of the TTA 2.0 transformation plan Slowdown in activity in an inflationary context
CONSOLIDATED DATA | 2019/20 | 2020/21 | 2021/22 | Change June22 | Change June22 |
(in millions of euros) | vs Jun 21 | vs Jun 21 | |||
(actual rates) | (exchange rate | ||||
constants) | |||||
1er trimester | 153.2 | 155.2 | 156.9 | +1.1% | -0.5% |
2e trimester | 232.8 | 247.2 | 244.8 | -1.0% | -2.4% |
3e trimester | 162.1 | 195.2 | 173.0 | -11.3% | -12.5% |
4e trimester | 138.1 | 166.6 | 144.2 | -13.5% | -14.1% |
TOTAL | 686.2 | 764.2 | 719.0 | -5.9% | -7.1% |
Damartex closes the 2021/2022 financial year with revenue of €719.0 million, down -5.9% at actual rates compared to the previous financial year (-7.1% at constant exchange rates ), impacted by a difficult economic environment. After a stable first half compared to the previous year, the Group achieved a turnover of €317.2 million in the second half, suffering from a slowdown in sales of -12.3% at real rates (- 13.2% at constant exchange rates) compared to the same period of the previous financial year.
Damartex continues to strengthen its customer base, which had been expanded with 1.4 million new customers in the first half, welcoming 0.8 million in the second half, including 0.3 million in the fourth quarter.
In the fourth quarter, activity experienced a significant drop which particularly affected the brands of the “Fashion” and “Home & Lifestyle” divisions. Despite a fine performance by the “Healthcare” business, driven in particular by the dynamism of recent acquisitions, the quarter ended
- €144.2 million, down by -13.5% (-14.1% at constant exchange rates).
The division’s turnover “Fashion” amounted to €535.5 million for the 2021/2022 financial year, down -3.5% at actual exchange rates. This division saw strong growth in stores (+23.8% compared to last year). The level of turnover observed for this sales channel is also up by +19% compared to 2019/2020.
THE HEAD OFFICE | DAMARTEX |
160 Boulevard de Fourmies – F 59100 Roubaix | Public limited company with Management Board and Supervisory Board |
Tel: +33 (0) 20 99 44 00 – Fax: +33 (0)3 20 11 45 24 | Capital: €57,991,500 |
www.damartex.com | RCS Lille Métropole 441 378 312 – VAT number: FR 73 441 378 312 |
Damart remains solid in the face of the economic situation but shows a slight drop of -2.4% at real rates over the financial year marked by the slowdown in the traditional “Mail Order” channel, while Afibel recorded a decline of -8.9 % at real rates. Benefiting from its positioning in the affordable luxury segment, Xandres recorded record performances in Belgium and the Netherlands, representing an increase of +20.4% at real rates.
The pole “Home & Lifestyle” was particularly impacted by the deterioration of the macroeconomic environment, and posted revenue of €147.6 million, down -16.9% at real rates over the year (-18.6% at constant rates ). The sales of the 3 brands suffered from a very unfavorable base effect on e-commerce, which had benefited from the health crisis.
Finally, the division’s turnover “Healthcare”, which includes the Sedagyl, Medical Santé, Santéol and MSanté brands, totaled €35.9 million, a significant increase of +14.3% at actual rates and +13.4% at constant rates. This good momentum of the Health division continues to strengthen with recent acquisitions, perfectly in line with the TTA 2.0 transformation plan.
Santéol, a home healthcare provider specializing in respiratory assistance, continued to grow at +18.4% at actual rates over the 2021/22 financial year, while Sédagyl, a home care marketplace, recorded a decline of -9 .2% at real rates, negatively impacted by the Covid base effect.
Despite a deteriorated macroeconomic and geopolitical environment, Damartex continues to deploy its strategic plan Transform to Accelerate 2.0 to support its development while coping with persistent supply tensions.
The Group is exercising caution by remaining extremely agile with regard to the rapid evolution of the economic situation, and anticipates, as mentioned during the publication of the third quarter turnover, a negative impact on the annual results for the 2021 financial year. /2022.
PROFILE
The Damartex Group, one of the main European distributors for seniors, has the ambition to become the European leader in the silver economy. It includes three poles:
- “Fashion”: Damart, Afibel, Xandres
- “Home & Lifestyle”: 3 Pagen, Magic Showcase, Coopers of Stortford
-
“Healthcare”: Sédagyl, Santéol, MSanté, Medical Santé
The Group is present
mainly in Europe, notably in France, Great Britain, Belgium and Germany. www.damartex.com
CONTACTS
Damartex: Claire Bonnet
Tel: 03 20 11 47 28 [email protected]
Shan :
Alexandre Daudin
Phone: 06 34 92 46 15 [email protected]Aliénor Kuentz
Phone: 06 28 81 30 83 [email protected]
CALENDAR
-
Publication of results for the 2021/2022 financial year:
September 7, 2022 -
Financial information meeting – annual results 2021/2022:
September 8, 2022
THE HEAD OFFICE | DAMARTEX |
160 Boulevard de Fourmies – F 59100 Roubaix | Public limited company with Management Board and Supervisory Board |
Tel: +33 (0) 20 99 44 00 – Fax: +33 (0)3 20 11 45 24 | Capital: €57,991,500 |
www.damartex.com | RCS Lille Métropole 441 378 312 – VAT number: FR 73 441 378 312 |
Disclaimer
Damartex SA published this content on July 19, 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on July 21, 2022 16:23:04 UTC.
Publicnow 2022
| |||||||||
|
|
| ||||
Trends technical analysis DAMARTEX
| Short term | Middle term | Long term | |
| Trends | bearish | bearish | bearish |
Evolution of the Income Statement
Sale  Purchase | |
| Average recommendation | SAVE |
| Number of Analysts | 1 |
| Last Closing Price | €12.40 |
| Average price target | €15.50 |
| Deviation / Average Target | 25.0% |
Officers and Directors