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JACQUES BOGART (EPA:JBOG) Q1 2018 turnover of EUR 28.8 million, in line with the business plan

Transparency directive : regulatory news

15/05/2018 18:00

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Bogart Group (Euronext Paris - Compartment B - FR0012872141 - JBOG), which specializes in the creation, manufacture and sale of luxury fragrances and cosmetics, has published its turnover for first quarter 2018, in line with its initial forecasts. The Group plans to launch new fragrances, particularly under the Jacques Bogart and Ted Lapidus brands, which will increasingly drive growth.

Revenues in € million (unaudited) 2017 2018 Change
Q1 turnover 28.5 28.8 +1.1%
Distribution 9.6 8.9 -7.3%
Boutiques 18.9 19.9 +5.3%
Other income on ordinary activities (Licences) 0.5 0.4 -20.0%
Total Q1 revenues 29.0 29.2 +0.7%

Bogart Group posted Q1 2018 turnover of €28.8 million, up 1.1% like-for-like compared to Q1 2017.

Total revenues for the period (including licence revenues) amounted to €29.2 million, including:

  • Distribution: €8.9 million, down 7.3% from €9.6 million. While the launches of One Man Show Emerald by Jacques Bogart (February 2018) and Dans Ma Bulle by Carven (March 2018) only had a marginal effect on Q1 2018 sales, they should begin to make a stronger impact from the second quarter onwards. As a reminder, turnover generated by Group brands via its own store network is reclassified to Boutiques revenues.
  • Boutiques: €19.9 million, down 5.3% from €18.9 million. First quarter results were driven by the ongoing integration of Group brands into the network and extension of the April range. As a reminder, at the end of April 2018 the Group had 163 boutiques located in three regions: Germany, France and Israel.
  • Licences: €0.4 million versus €0.5 million in Q1 2017, business undergoing stabilisation.

Bogart Group's financial position did not change significantly during the period.

Growth outlook confirmed by both business lines

The Group is pursuing its vertical strategy (manufacture – distribution) and is confirming its year-on-year growth target for its two business lines in 2018 thanks to a strategy of launches throughout the year. The launches scheduled for the Group's flagship brands Ted Lapidus (Poker Face in H2) and Jacques Bogart (second fragrance due in H2) will bolster sales growth in the Distribution business. Continued growth in the Boutiques business will be also driven by sales of the Group's own brands.

Bogart Group also aims to make further improvements in its profit margins.

Next publication

Bogart Group will publish its first half 2018 turnover during the week beginning 6 August 2018

A propos du Groupe BOGART

Le Groupe BOGART est spécialisé dans la création, la fabrication et la commercialisation de parfums et de produits cosmétiques de luxe. Avec une position unique de fabricant-distributeur sur le marché, le Groupe est présent dans plus de 90 pays et assure la commercialisation de ses produits en France via les réseaux de parfumeries sélectives et à l'international par des distributeurs locaux et via les filiales du Groupe. Le Groupe emploie 1 134 collaborateurs et réalise 77% de son chiffre d'affaires à l'étranger. En 2017, le Groupe a réalisé un chiffre d'affaires de plus de 128 M€.

Le chiffre d'affaires par activité se répartit comme suit :

- Activité Diffusion (29%) : parfums (marques propres Bogart, Ted Lapidus et Carven, et marques sous licences Chevignon, Naf Naf) et cosmétiques (marques propres Méthode Jeanne Piaubert et Stendhal) ;
- Activité Boutiques (71%) réalisée au travers de la chaîne de parfumerie en propre

Le Groupe enregistre au total des revenus d'activités (licences Ted Lapidus incluses) de plus de 129,5 M€ sur l'exercice 2017.

Le Groupe BOGART est coté sur le marché réglementé d'Euronext Paris (Mnémonique : JBOG – ISIN : FR0012872141)

Site internet du Groupe

www.groupe-bogart.com

CONTACTS

GROUPE BOGART ACTUS finance & communication  
contact@jbogart.com
Tél. : 01 53 77 55 55
Anne-Pauline PETUREAUX
Relations Analystes/Investisseurs
Tél. : 01 53 67 36 72
apetureaux@actus.fr
Alexandra PRISA
Relations Presse
Tél. 01 53 67 36 90
aprisa@actus.fr


Regulated information
Quaterly financial disclosure:
- First Quarter Information
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-53311-groupe-bogart_q1-2018_en.pdf
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