Rungis, October 18, 2022 –
Omer-Decugis & Cie
(ISIN code: FR0014003T71 – mnemonic: ALODC), an international group specializing in fresh and exotic fruits and vegetables, publishes its annual turnover for 2021/22 (from 1
er
October 2021 to September 30, 2022) and from 4
th
trimester (from 1
er
July to September 30, 2022).
|
In K€ – unaudited French standards | T4 |
T4 |
Var. | 12 months |
12 months |
Var. | |
|
ISIM | 22,677 |
29,324 |
+29.3% | 98 127 |
140,371 |
+43.0% | |
|
Bratigny | 9,097 |
10,328 |
+13.5% | 39,477 |
47,839 |
+21.2% | |
|
Omer-Decugis & Cie | 31,773 |
39,652 |
+24.8% | 137,604 |
188 210 |
+36.8% |
Vincent Omer-Decugis, Chairman and CEO of Omer-Decugis & Cie
comments: ”
During this financial year and in a particularly degraded and uncertain international market context, we achieved exceptional growth in our turnover, one year ahead of the development plan presented at the time of the IPO. Our strategy to gain market share, both in France and in Europe, was perfectly executed, relying in particular on the extension of our range of exotic and ethnic offers with, in the first quarter, the marketing of litchis from Madagascar and the acquisition of Anarex, integrated into our wholesale division. The increase in our volumes also benefited from the increase in our ripening capacities to reach 110,000 operational tonnes from the start of the 2
th
trimester. Finally, we have made great commercial breakthroughs on all of our products and in particular ripe fruit, including avocado, one of our main areas of development for the future. In this dynamic context of conquest of strategic and priority market shares for the construction of our growth, our profitability is however affected by the sharp rise in supply costs accelerated by geopolitical instability in Europe and exacerbated inflationary tensions. by the deterioration of the euro/dollar parity. »
Achievement of 2023 revenue target one year ahead of schedule
At 4
th
quarter of 2021/22, the Group continues to grow with revenue of €39.6 million, up +24.8% (+21.5% in organic growth).
Commercial development during this last quarter remained sustained, benefiting from the new market positions contracted at the start of the year and the successful integration of Anarex
[1]
to the offer of the wholesale division.
Purchasing power constraints and periods of drought suffered during the summer, which contributed to raising the prices of local production, favored shifts to other consumption segments, including bananas, which represent nearly 40% tonnage marketed by the Group.
Thus, the turnover for the whole of the 2021/22 financial year, growing for the thirteenth consecutive year, amounts to €188.2 million, an exceptional increase of 36.8% (34.4% in organic growth) representing nearly 150,000 tonnes of fruit and vegetables delivered. Dynamic and consistent growth in the two business areas (SIIM, BRATIGNY) achieved in a difficult international context throughout the year.
Heightened inflationary pressures in the second half that will weigh on 2022 operating performance
A 2022 financial year disrupted by a particularly unfavorable political and economic context.
Omer-Decugis & Cie
continued its growth plan this year with an offensive strategy of taking market share, the development of its commercial surfaces in wholesale tiles and its production investment projects to consolidate its production capacities for the future. A development penalized by a wave of strong inflationary pressures affecting all cost components (freight, transport, inputs, energy), accentuated at the end of the financial year on the one hand, and on the other hand accelerated by the constant deterioration the euro-dollar parity since February 2022. This overall increase in costs had a significant impact on the operating performance for the year.
The adaptation measures, initiated at the end of the first half of 2021/22 with the renegotiation of certain contracts, have already produced their first effects which should intensify at the end of the year, but which will bear fruit mainly in 2023. , taking into account market developments resulting from this year’s economic and geopolitical tensions.
The Group also rolled out its new integrated management software package (ERP) to optimize its internal processes and thus increase the Group’s overall quality of service.
Outlook
After this year 2022 of strong growth in all its businesses and given the global economic situation,
Omer-Decugis & Cie
strives to strengthen its operational performance actions and improve its profitability. The Group remains attentive to the risks of recession weighing on the European economies for 2023 which, combined with the very strong inflationary pressures on the prices of raw materials, the cost of freight and energy prices, could have an impact on consumption. .
Omer-Decugis & Cie
will therefore continue to build its resilient growth and will endeavor to consolidate its commercial positions by relying on the quality and sustainability of its offer, in particular the continuation of its carbon neutrality program in response to current issues and the climate challenge.
Omer-Decugis & Cie thus reaffirms its medium-term growth ambitions and confirms its development plan which targets consolidated revenue of €230 million and an EBITDA margin of more than 5% by 2025.
Omer-Decugis & Cie is nominated for the
European Small and Mid-Cap Awards 2022
” in the category ”
Risingstar
»
Placed under the aegis of the European Commission
European Small and Mid-Cap Awards
aim to promote European small and mid-cap companies. The category
Risingstar
intends to reward European companies that have had access to capital markets via an IPO. This award is a joint initiative between the European Commission, major European stock exchanges and EuropeanIssuers.
Find all the information about
: www.omerdecugis.com
About Omer-Decugis & Cie
Omer-Decugis & Cie is a family group founded in 1850 specializing in fresh fruits and vegetables, particularly exotic ones, for European consumers. Controlling the entire value chain from production and import as well as specific expertise in ripening, the Group markets its fruits, which come mainly from Latin America, Africa and Europe in all distribution networks (supermarkets and supermarkets, out-of-home catering, specialized distribution and fresh cuts). Committed to sustainable agriculture, respectful of territories and people, the Group obtained a rating of 82/100 during EthiFinance’s Gaia Research 2021 campaign, highlighting the maturity of the Group’s ESG approach. Established on the Rungis Market, Omer-Decugis & Cie achieved a turnover of €188.2 million as of September 30, 2022, representing more than 150,000 tonnes of fresh fruit and vegetables distributed.
contacts
|
Omer-Decugis & Cie Emeline Pasquier [email protected] www.omerdecugis.com |
NEWS finance & communication Corinne Puissant – Investor Relations +33 (0)1 53 67 36 77 – [email protected] Nawel NAAMANE – Press Relations +33 (0)1 53 67 36 34 – [email protected] |
[1]
Integration as of December 11, 2021
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