ECOMIAM: 2022/23 annual store activity up +8.3% despite a gloomy economic context – 05/10/2023 at 6:00 p.m.

écomiam (ISIN code: FR0013534617 – ticker: ALECO), n°3 French
[1]
specialized distribution of frozen products

publishes its store turnover

[2]

unaudited as of September 30, 2023 (period from 1

^er

October 2022 to September 30, 2023).

ecomiam

made at 4

^th

quarter of the 2022/23 financial year, store turnover of €8.6 million, down 5.9% (-5.5% at constant sales area). The evolution reflects in particular:

• the seasonality of sales with less footfall in stores during the summer,

• capricious weather which slowed down sales of grilled products,

• strong inflationary pressure which weighs on the purchasing power of consumers.

Thus, supported by the advance taken over the first 9 months of the financial year, annual store turnover for 2022/23 reached €40.3 million, up 8.3% compared to the previous financial year ( +4.9% at constant sales area).

During the financial year, the brand benefited from the opening of 6 new stores, which made it possible to compensate for the closure of 7 stores that did not offer sufficient development prospects. If the brand opened 1 new point of sale in Brittany, 80% of the openings concerned conquered territories (2 in Pays de la Loire, 1 in Normandy and 2 in Occitanie).

With a network made up of 67 points of sale as of September 30, 2023, the Group remains committed to consolidating its economic model and improving the intrinsic performance of its network, thanks in particular to:

• precise management of its commercial strategy, through targeted operations on the theme of defending and optimizing the household food budget and conquering new markets, in order to improve the customer experience and generate traffic (an offer weekly on a product from the meat or fish range at a price lower than the price preceding inflation

  [3]

  the basket of your choice…),

• discipline in terms of managing structural costs, illustrated by a reduction in marketing costs and a reduction in head office staff.

The full effect of the targeted measures on the brand’s performance is expected in the 2023/24 financial year, which allows

ecomiam

to resume the path of expanding its network with the opening of 6 new points of sale already scheduled in the coming months and a regrouping to optimize profitability.

Finally, given the good level of activity achieved over the entire 2022/23 financial year,

ecomiam

anticipates a slight improvement in gross margin.

Find all the information on www.ecomiam-bourse.com

About ecomiam

Family business created in 2009,

ecomiam

is the first ethical and accessible network for the distribution of fresh frozen products, essentially unprocessed and 100% of French origin. The network

ecomiam

, made up of 67 points of sale as of September 30, 2023, has a “Click & Collect” offer and an online sales site ensuring home deliveries within 24/48 hours throughout mainland France. In 2023,

ecomiam

achieved store turnover of €40.3 million.

Contacts

[1]

Sources: Xerfi study – March 2021 in number of stores

[2]

Store checkout, representing more than 95% of consolidated turnover

[3]

Reference: ecomiam catalog for October 2021

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