Brief: Showroomprive 2017 EBITDA Falls To 13.1 Million Euros

SRP Groupe SA

08/03/2018 16:45

March 8 (Reuters) - Showroomprive  SRPG.PA :
    * LAUNCHES ITS PLAN “PERFORMANCE 2018-2020”
    * 2017 EBITDA EUR 13.1 MILLION VERSUS EUR 28.3 MILLION YEAR
AGO
(DOWN 53.8 PERCENT)
    * 2020 PRIORITIES: CAPITALIZE ON NEW GROWTH AND
PROFITABILITY
OPPORTUNITIES
    * 2018 PRIORITIES: REFOCUSING ON TWO MAIN PILLARS; MEMBERS
AND
BRAND PARTNERS
    * 2017 EBITDA MARGIN EXCLUDING SALDI PRIVATI REACHED 2.6%
DOWN 2.8
POINTS  (REPORTED GROUP EBITDA MARGIN 2.0% DOWN 3.2 POINTS)
    * EXPECTS 40% COST REDUCTION PER ORDER ON C.20% OF FLOWS BY
2020
    * 2017 NET LOSS OF EUR 5.2 MILLION VERSUS LOSS OF EUR 0.3
MILLION
YEAR AGO
    * 2017 NET SALES OF €655 MILLION, UP 21% COMPARED TO 2016
(13%
ORGANIC GROWTH)

Source text for Eikon:  urn:newsml:reuters.com:*:nPRHlmLFBa
Further company coverage:  SRPG.PA 

 (Gdynia Newsroom)
 ((gdynia.newsroom@thomsonreuters.com; +48 58 772 0920;))