Etam : Net Sales of €1,216.9 Million to 31 December 2012
CLICHY, France -- January 24, 2013
Regulatory News :
€m 2012-Q4 change change at 31/12/2012 change change
lfl ^1 lfl ^1
Group sales 331.0 1.2% 0.0% 1 216.9 2.8% -3.4%
Europe 208.5 4.2% 5.8% 778.2 2.8% 0.6%
China 122.5 -3.6% -12.7% 438.7 2.7% -12.6%
France ^ 2 184.6 3.6% 5.4% 685.1 2.9% 0.2%
Other 23.9 9.1% 8.8% 93.1 2.3% 3.1%
ETAM ^3 167.6 2.9% 3.0% 622.2 3.1% -1.4%
1.2.3 40.9 9.8% 17.6% 156.0 1.8% 8.5%
^1 like-for-like and at constant exchange rates including internet
^2 including export sales
^3 including Undiz
I. BUSINESS TRENDS
In the fourth quarter of 2012, the Etam Group (Paris:TAM) posted sales of
€331.0 million, including a positive currency impact of €6.5 million mainly
related to the appreciation of the yuan against the euro. Sales were up 1.2%
compared with the fourth quarter of 2011. Like-for-like and at constant
exchange rates, sales were stable.
Over the year, the Etam Group generated sales of €1,216.9 million, including a
positive currency impact of €40.3 million mainly related to the appreciation
of the yuan against the euro. Sales were up 2.8% compared with 2011.
Like-for-like and at constant exchange rates, sales were down 3.4%.
1. In Europe
In the fourth quarter of 2012, sales came to €208.5 million, up 4.2% or 5.8%
on a like-for-like basis and at constant exchange rates.
Over the year, sales came to €778.2 million, up 2.8% or 0.6% on a
like-for-like basis and at constant exchange rates.
According to the latest figures of the IFM (French Fashion Institute) clothing
sales in France were down 2.2% in 2012 and 1.0% in the fourth quarter. The
Etam Group has therefore gained market shares over the past year and
particularly in the last quarter. Its brand 1.2.3 has achieved a particularly
strong commercial performance during the year.
2. In China
In the fourth quarter of 2012, sales were €122.5 million, down 3.6% including
a positive currency impact of €6.4 million. Like-for-like and at constant
exchange rates, sales decreased by 12.7%.
Over the year, sales were up 2.7% to €438.7 million, including a positive
currency impact of €40.3 million. Like-for-like and at constant exchange
rates, sales were down 12.6%.
Faced with the decrease in sales, in a context of economic slowdown and the
rapid evolution of distribution channels in China, the Group has implemented
strong action plans in order to evolve significantly its product offer and
II. NETWORK DEVELOPMENT
At 31 December 2012, the Etam Group had 4,523 sales outlets, including 969 in
Europe, 3,355 in China and 199 operated by international franchises.
Over the year in Europe, the Group has expanded its store portfolio in its
lingerie businesses mainly in France. In export markets, it opened 12 new
franchises. In China, the Group made 69 net openings since 1^st January 2012.
On December 12, 2012, the Etam Group has renewed with its partner banks a
syndicated 4-year loan facility of $ 250 million, with an extension option for
an additional year.
The sixth edition of Etam lingerie fashion show, which is an important event
in the world of fashion in Paris, will take place on February, 26, 2013 during
the Fashion Week.
The Etam Group is an international retailer of women’s ready-to-wear clothing,
and accessories with 4,523 sales outlets at 31 December 2012
2012 Annual Results & 2013 1^st quarter sales, on April 18 after the market
closes in Paris
Information for analysts and investors: www.etamdeveloppement.fr / Tel.: 01 55
90 72 79
Etam Développement: ISINcode: FR0000035743 / Reuters: TAM.PA / Bloomberg: TAM
Etam Développement €12,169,313 – R.C.S. PARIS 308 382 035
Registered office: 67/73, rue de Rivoli, 75001 Paris – France
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