Brief: SoLocal Group 2017 Average Churn Rate Decreases To 17.1 Pct

Solocal SE

05/03/2018 06:34

March 5 (Reuters) - SOLOCAL GROUP SA  LOCAL.PA :
    * SAID ON SUNDAY AVERAGE CHURN RATE DECREASED FROM 18.5 PCT,
IN
2016 TO 17.1 PCT, IN 2017
    * APPROXIMATELY 10% OF TOTAL SALES FOR YEAR ENDED DEC. 31
WERE
DERIVED FROM "EVERGREEN" CONTRACTS
    * APPROXIMATELY 26,000 OF CLIENTS HAVE ENTERED INTO SUCH
CONTRACTS
AS OF JAN. 2018
    * GOAL FOR 2018 IS TO INCREASE PORTION OF TOTAL SALES
DERIVED FROM
"EVERGREEN" CONTRACTS TO 30 PCT AND TRIPLE THE NUMBER OF SUCH
CLIENTS UNDER SUCH CONTRACTS
    * MAY DECIDE TO PHASE OUT PRINT & VOICE BUSINESS IN 2019 OR
2020
IF NEW OFFERINGS FAIL TO IMPROVE FINANCIAL PERFORMANCE OR
PROSPECTS 
    * EXPECTS EXPENDITURES FOR ACQUISITION OF TANGIBLE AND
INTANGIBLE
FIXED ASSETS (CAPEX) FOR 2018 AND 2019 TO BE LOWER THAN IN 2017
    * LAUNCHED A STRATEGIC REVIEW OF CERTAIN NON-CORE BUSINESS
ASSETS
AND SITES
    * HAS LAUNCHED OTHER INITIATIVES SIMILAR TO DISPOSAL OF
AVENDREALOUER.FR AND MAY EXECUTE AT LEAST ONE SIMILAR
TRANSACTION FOR ANOTHER NON-CORE ASSET IN COMING MONTHS

    
 Source text: http://bit.ly/2HZUPvj 
 Further company coverage:  LOCAL.PA  
   


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