Half year results 2010
07/09/2010
There was sustained activity among our participations in the first half of 2010 and consolidated revenue rose by 6% to reach CHF 87.4 million. Thanks to sales growth as well as an improvement of the gross profit, operating result grew to CHF 6.6 million as compared to CHF 2.4 million in 2009.
· Revenue of Le Coq Sportif rose by 13% in the first half of 2010 to reach EUR 45.4 million. This growth, combined with a satisfactory gross profit, allowed the brand to generate a net result of EUR 3.6 million (2009: EUR 0.6 million). Deliveries for Spring/Summer collection were strong. However, growth seems to slacken on Fall/Winter assortment due to tough market conditions.
· Positioned in a niche market, Boards & More succeeded in generating sales growth of 7% in the first half. Net result reached EUR 1.2 million as compared to EUR 0.4 million in 2009. The development of the brand has been very satisfying.
The strengthening of the Swiss franc against the Euro negatively affected Airesis’ consolidated figures due to the fact that our participations’ main currency is the Euro.
Consolidated figures
|
Consolidated figures (CHF ‘000) |
30.06.2009 |
30.06.2010 |
|
|
Market capitalization |
48'465 |
90’960 |
|
|
Total consolidated revenues |
82’467 |
87’423 |
|
|
Gross profit |
36’296 |
42’618 |
|
|
Gross profit as % of revenues |
44% |
49% |
|
|
Operating result |
2’434 |
6’606 |
|
|
Net result |
1’555 |
7’200 |
|
|
Net result, attributable to Airesis shareholders |
1’218 |
5’199 |
|
|
|
|
|
|
|
|
31.12.2009 |
30.06.2010 |
|
|
Current assets |
91’825 |
86’864 |
|
|
Current liabilities |
59’685 |
50’323 |
|
|
Non-current assets |
39’731 |
35’962 |
|
|
Non-current liabilities |
20’765 |
19’034 |
|
|
Equity, attributable to Airesis shareholders |
34’272 |
35’950 |
|
Results for the first 9 months of 2011
30/11/2011
Results for the first 9 months of 2011 ...
Key figures 2010: A promising evolution
30/03/2011
Le Coq Sportif: Revenue growth of 8% to reach EUR 89.8 million (2009: EUR 83.5 million) // Net result of EUR 4 million (2009: EUR 2.7 million) ...
Change in the shareholding structure
15/12/2010
As expected, the heirs of Robert Louis-Dreyfus would like to partially divest from their shareholding in Airesis through the time. For a part of their shares, an agreement was reached between them and ...
Annual Report 2010
2011: 9 month results
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