Etam : Net Sales of €1,216.9 Million to 31 December 2012

  Etam : Net Sales of €1,216.9 Million to 31 December 2012

Business Wire

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%
                                                                       
Europe by
country
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%
Europe by
brands
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
selling network.

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.

III- OTHERS

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,
                                   lingerie
         and accessories with 4,523 sales outlets at 31 December 2012

                                Next release:
 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
                                      FP

          Etam Développement €12,169,313 – R.C.S. PARIS 308 382 035
        Registered office: 67/73, rue de Rivoli, 75001 Paris – France

Contact:

Etam
 
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