Paris, September 9, 2022–MASTRAD (EURONEXT GROWTH: ALMAS; ISIN: FR0004155687),
innovative cookware brand today announces consolidated sales
Nope
audited for the year ended 06/30/2022.
Consolidated revenue for the financial year ended June 30, 2022 amounted to €6.95 million compared to €9.32 million at June 30, 2021, down 25.4% largely attributable to the Ukrainian conflict and its various consequences.
Revenue in France amounted to
€2.82 million down 25%.
The halt given to economic activity with the Ukrainian conflict was felt very quickly. From the beginning of the hostilities, the attendance dropped, and the stores recorded a very serious decline in their sales. Similarly and surprisingly, online commerce, Amazon in the first place, also fell sharply. This situation is added to the shortage of components and the scarcity and cost of transport generating great difficulty in delivering to our customers.
No retail sector has been spared. The only category that is progressing with the recovery in tourism remains the hotel and catering industry, which posted an increase of more than 25% compared to N-1 thanks to the recovery in tourism and our sales of connected probes.
Export turnover
(excluding the USA) stands at €1.32 million, posting a limited decline of 7.7%. Some countries, due to their geographical proximity to the Russian-Ukrainian conflict zone, suffered even more severely from the shock wave. Others further away, such as Spain, Greece or Ireland, have made it possible, thanks to their progress, for a landing in sales that is less degraded than in France.
Sales in the United States amounted to
€2.81M down 31%,
Trade in the United States, relatively spared the consequences of the conflict in Ukraine, suffered macro-economic difficulties with breaks in supply chains. Many major US accounts were unable or unable to anticipate these imbalances between supply and demand, and remained out of products.
Mastrad consolidated accounts*
|
30 06 22 |
30 06 21 |
Var. | |
in €m |
12 months | 12 months | |
|
France |
2.82 |
3.79 | -25.6% |
% of total turnover |
40.6% |
40.7% | |
|
Export (outside North America) |
1.32 |
1.43 | -7.7% |
% of total turnover |
19.0% |
15.3% | |
|
United States and Canada dt MASTRAD INC |
2.81 |
4.10 | -31.5% |
% of total turnover |
40.4% |
44.0% | |
|
TOTAL TURNOVER |
6.95 |
9.32 |
-25.4% |
*UNaudited consolidated accounts
Guidance on the turnover of the exercise:
The situation in our classic culinary market remains difficult with soaring cost prices and skittish consumers all over the world. We have thus drastically reduced our operating costs. We are currently studying various opportunities to overcome these difficulties and will communicate on this subject in October.
We were finally able to supply the components necessary for the delivery of our IoT product ranges, the turnover of which will be growing strongly over the current financial year with margins almost preserved.
Mathieu Lion, CEO of the group adds: “We are continuing our investments more than ever in order to maintain our lead in the very promising connected kitchen sector. We can now be supplied with components and anticipate strong sustainable and contributory growth in this activity”.
Company Council – Listing Sponsor
ALLEGRA
Finance
About MASTRAD (
www.mastrad-paris.fr
)
Founded in 1994, MASTRAD has recognized know-how in the creation, design, subcontracting manufacturing and distribution of innovative kitchen products. With more than 400 references, MASTRAD offers a wide range of products combining functionality, ergonomics, quality, new materials, technique, hygiene, durability and design. In 27 years, MASTRAD has acquired a solid reputation with the general public and distributors both in France and abroad with a presence in fifty countries. The group is resolutely pivoting and reversing and today offers two ecosystems of connected products for the world of connected cooking. Sector in very strong growth.
MASTRAD is listed on Euronext Growth in Paris
ISIN Code: FR0004155687 – Mnemo: ALMASCONTACTSMastrad
Next press release: 2021/2022 results
:
M
Sunday 18
october 202
2
after scholarship
Contact Mastrad
Thibault Houelleu – Deputy CEO –
Such. : 01 49 26 96 00
–
This post has the “? Actusnews SECURITY MASTER” service.
– SECURITY MASTER Key:
xpybZppnkm/IymxwapxqaGNkb26XlmHJbGXKmmJrlZiUbpqWx5uUb5SXZnBnlmxo
– To check this key:
https://www.security-master-key.com.
Regulated information:
Inside information:
– Information on annual turnover
Full and original press release in PDF format:
https://www.actusnews.com/news/76172-cp-ca-300622-final-au-09.09.22.pdf
© Copyright Actusnews Wire
Receive the company’s next press releases free of charge by email by subscribing to www.actusnews.com