No slowdown in sight for Desjoyaux Swimming Pools. The family group, European number one in buried swimming pools, published on Friday record results for its 2020-2021 financial year, which ended in August. Its turnover reached 161 million euros, up 39.7%. ” Our volume of activity is growing both in France and internationally “, Welcomes the group, which sold some 13,100 basins, against 9,400 a year earlier. The number of “8X4 equivalent” pools sold in France during the year increased by 28% and turnover by 33%, thanks to accessories.
Profitability side, current operating income is also higher than ever, at 35.06 million, up 67.1%. Finally, net profit group share climbed 82.1% to 25.5 million, showing a margin of 15.8%. It was 12.1% a year earlier. ” This remarkable increase is the result of several factors, an increase in activity of nearly 40%, control of purchases consumed and maintenance of the operating margin, control of external charges and other charges in general and control of personnel costs », Explains Desjoyaux Swimming Pools.
No debt
The group, which achieves more than half of its sales in France, intends to rebalance its international exposure, which should reach 50% of turnover in the short term. Piscines Desjoyaux has a balance sheet for this that is extremely robust to make people envious: at the end of August, shareholders’ equity amounted to nearly 98 million euros against a net cash position close to 37 million. ” The net gearing ratio is -37.62% compared to -25.37% at August 31, 2020 », Calculates the group.
Despite some profit taking, the title, which quotes 28.90 euros, remains close to its peak of 31.9 euros hit in August. For the rest, the group does not formulate any forecast, but it considers that its ” leadership and the attractiveness of the Desjoyaux offer allow us to be optimistic for the current financial year “, While adding that he” would be satisfied with a consolidation of the latest achievements, especially given the recent covid episodes and the context of the upcoming election year. “