Regulatory News:
Etam Développement (Paris:TAM):
in €m | Q3-2010 | Change | Change. lfl(1) | to 30 Sept. 2010 | Change | Change. lfl(1) | ||||||
Group Sales | 280.0 | 19.5% | 11.8% | 825.7 | 12.6% | 4.9% | ||||||
Europe | 194.1 | 14.7% | 13.4% | 553.8 | 2.0% | 0.4% | ||||||
China | 85.9 | 32.1% | 6.4% | 271.9 | 42.9% | 22.6% | ||||||
Europe by country | ||||||||||||
France(2) | 167.1 | 18.0% | 16.8% | 476.3 | 3.3% | 1.1% | ||||||
Other | 27.0 | -1.9% | -2.7% | 77.5 | -5.1% | -3.5% | ||||||
Europe by brand | ||||||||||||
ETAM(3) | 153.6 | 17.9% | 16.3% | 428.7 | 3.9% | 1.3% | ||||||
123 | 40.5 | 4.1% | 5.0% | 125.1 | 3.8% | -2.2% |
(1) lfl: like for like and at constant exchange rates
(2) including export sales
(3) including Undiz
I.BUSINESS TRENDS
In the third quarter of 2010, the Etam Group posted sales of €280.0 million, including a positive currency impact of €10.0 million mainly related to the appreciation of the yuan against the euro. Sales grew by 19.5% compared with the third quarter of 2009. Like-for-like and at constant exchange rates, sales increased by 11.8%.
Over the first nine months of 2010, the Etam Group generated sales of €825.7 million, including a positive currency impact of €8.2 million mainly related to the appreciation of the yuan against the euro. Sales rose by 12.6% compared with the first nine months of 2009. Like-for-like and at constant exchange rates, sales grew by 4.9%.
1. Europe
In the third quarter of 2010, sales came to €194.1 million, up 14.7% or 13.4% on a like-for-like basis and at constant exchange rates.
Over the first nine months of 2010, cumulative sales were up 2.0% to €553.8 million, or 0.4% like-for-like and at constant exchange rates.
On a like-for-like basis and at constant exchange rates, Group sales' growth in France during the third quarter of 2010 compared to the same period last year benefitted from a strong positive impact of the later start date of the sales on 30 June in 2010 compared to 24 June in 2009.
2. China
In the third quarter of 2010, sales rose by 32.1% to €85.9 million, including a positive currency impact of €9.9 million. Like-for-like and at constant exchange rates, net sales increased by 6.4%.
Over the first nine months of 2010, sales rose by 42.9% to €271.9 million, including a positive currency impact of €8.0 million. Like-for-like and at constant exchange rates, sales grew by 22.6%.
Taking into account a high base of comparison, sales growth like-for-like and at constant exchange rates has been slowing down since the second quarter of 2010, reflecting a consolidation.
II.NETWORK DEVELOPMENT
At 30 September 2010, the Etam Group had 4,040 sales outlets, including 980 in Europe, 2,894 in China and 166 operated by international franchises.
- In Europe, the Group has been developing its store base for its lingerie activities
- In China, the Group opened 223 stores on a net basis since the first of January 2010, of which 98 during the third quarter.
The Etam Group is an international retailer of women's ready-to-wear
clothing, lingerie
and accessories with 4,040 sales outlets at 30
September 2010.
Next release:
2010 Annual net sales on 28 January 2011
after the market closes in Paris
www.etamdeveloppement.fr
Etam
Développement: ISIN code: FR0000035743 / Reuters: TAM.PA / Bloomberg:
TAM FP
Etam Développement
Société en commandite par actions with
share capital of €12,169,313 – R.C.S. PARIS 308 382 035
Registered
office: 67/73, rue de Rivoli, 75001 Paris – France
Postal address:
57-59, rue Henri Barbusse, 92110 Clichy - France
Etam Développement
Information for analysts and investors:
Tel.:
01 55 90 72 79