2019-10-10 - Press release - First semester revenue 2019-20
(WorldNews France)

October 10th, 2019 stth +0.9% to EUR280.9M, driven by a growth on the French market (+0.8%) despite deteriorated gross margin condition A first semester marked by a growth in Textile business (+2.9%) and Childcare business (+9.2%) Significant growth of club members: +14.5% year-on-year MARKET ENVIRONMENT In a difficult market environment and to protect the Orchestra-Prémaman Group`s cash, several actions have been taken since November 2018: Negotiation of maturity schedules with main suppliers; Products purchases reduction leading to stock rotation; Acceleration of ageing stock reduction through partnerships with digital or web major players (Showroom Privé and Veepee). These measures had a...