EBITDA (Current operating income before provisions and depreciation)
2,994
3.5%
5,555
5.6%
Current operating income
1,954
2.3%
5,034
5.1%
Operating profit
1,730
2.0%
4,509
4.5%
Net income
1,133
1.3%
2,723
2.7%
Net income attributable to the Group
1,036
1.2%
2,454
2.5%
Accounts approved by the Board of Directors on 13 September 2017 and subject to a limited review by the statutory auditors.
Operating highlights
U10's performance in the first half came in considerably above its target for results at breakeven that had been set in light of the bankruptcy filings of two of its top 10 customers.
Indeed, U10 was required to absorb the sharp reduction in sales and destock items destined for these key accounts.
Despite this incident, the company's profitability remains solid, with U10 generating an EBITDA margin of 3.5%.
Financial highlights
In light of the reduction in share capital resulting from the cancellation of own shares purchased and logistics investments, gearing mechanically increased from 27.3% to 42.3%.
With inventories having been built up to support higher sales volume, WCR is momentarily up 10%.
Outlook
U10's Decoration collections are being showcased at a series of trade shows. After the exhibition in Paris at the Maison et Objets trade show, U10 will set up its stand in Milan and Madrid in the 2ndhalf of September and will be an exhibitor at the Canton World Fair at the end of October.
U10's permanent business development focus will transform this downturn into
renewed growth by 2018.
U10 is a creator, supplier and provider of logistic services in the Home equipment universe.
Euroclear: 7914 - ISIN FR0000079147
Contact: Next financial press release:
Patricia Michel - Finance Manager 2017 Annual revenue
Tel: +33 (0)4 37 64 47 85 31 January 2018 after the close of trading
finances@u10.fr
U10 SA published this content on 13 September 2017 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 13 September 2017 18:36:01 UTC.
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Since 1994, U10 Corp has been a BtoB supplier of home furnishings, delivering to its customers' points of sale in more than 50 countries.
In Europe, U10 Corp is a permanent supplier to the retail sector, mainly for household linen, pet supplies, bathroom accessories, household and storage accessories. Through its "Douceur d'intérieur", "Love Story" and "Homéa" brands, the collection represents 20,000 items in 15 universes delivered to over 5,000 addresses throughout the year.
Through its Asia division, U10 Corp organizes, monitors and controls production and product quality for its own imports and for its customers.
Overall, more than 300 employees, a 45-strong sales force, a portfolio of services focused on customer needs and performance, demanding logistics and supply chain management, and a product offering tailored to demand are the essential attributes of U10 Corp to meet these needs.