Gross revenue Q1 2021 Paris inventory trade: HCO
Aix-en-Provence, April 21, 2021 (6 p.m.)
HIGHCO: RETURN TO BUSIGROWTH IN NESS IN Q1 (GP + 2.2%); STRONGER GROWTH EXPECTED IN Q2 (BETWEEN 6% AND 8%)
Development in exercise in Q1 2021
- Q1 2021 gross margin1 of € 18.59 million, up 2.2% as reported and in LFL2.
- Development in digital actions: T1 LFL up 2.3%.
- Sustained exercise in France: Q1 LFL up 4.5% (86% of the Group’s gross margin).
- Decline in worldwide exercise: Q1 LFL down 10.1% (14% of the Group’s gross margin).
Development in Q2 2021 anticipated between 6% and eight%; 2021 orientation confirmed
HighCo Venturi Begin studio: replace on progressive expertise tasks in retail
Annual monetary report 2020 and annual basic assembly of Might 17, 2021
|(€ m)||2021||2020 LFL2||2021/2020
|First quarter gross revenue1||18.59||18.19||+ 2.2%|
1 Unaudited information.
2 At fixed scope: On the idea of a comparable scope and at fixed trade charges (i.e. by making use of the typical trade fee for the interval to the information for the interval in contrast).
Didier Chabassieu, Chairman of the Administration Board, declared, “In at this time’s nonetheless very complicated well being and financial setting, HighCo returned to development, with a primary quarter up 2.2%. This development is pushed by the nice efficiency of France (+ 4.5%) and different components together with the sharp enhance in using digital coupons on Click on & Accumulate websites. This optimistic business development is anticipated to proceed within the second quarter, with gross margin development of between 6% and eight%, primarily pushed by the Cell exercise, the rise within the variety of coupons cleared and the resumption of exercise in Belgium. The Group can also be advancing its innovation technique by means of its retail expertise Begin studio. “
GROWTH IN ACTIVITY IN Q1 2021
In at this time’s nonetheless troublesome well being and financial setting, HighCo resumed development in Q1 2021 and recorded a 2.2% enhance in gross margin to € 18.59m due to good performances in France.
Up 2.3%, Digital is supporting this development and its share of complete Group exercise up 10 foundation factors from the tip of March 2020 on the finish of March 2021, attain 62.6%.
Offline enterprise held up properly and grew 2%.
France: a dynamic exercise
|FRANCE||Gross revenue (in € m)||2021/2020
|% Of complete gross margin|
|Q1||15.98||3:30 p.m.||+ 4.5%||86.0%|
With wholesome development of 4.5%, France posted a gross margin of € 15.98 million in Q1 2021, representing 86% of the Group’s gross margin. Digital firms grew 4.6% and their share was 62.8% of gross margin. This development is especially pushed by a pointy enhance within the issuance of digital coupons, which has doubled on Click on & Accumulate websites. As well as, the variety of coupons cleared utilizing paperless techniques elevated considerably over the quarter in comparison with the identical interval in 2020 (+ 63%).
Worldwide: decline in exercise
|INTERNATIONAL||Gross revenue (in € m)||2021/2020
|% Of complete gross margin|
The worldwide gross margin fell by 10.1% at fixed scope to € 2.61m in Q1 2021, or 14% of the Group’s gross margin. In Belgium, the gross margin fell by 11.1%. The digital share of Belgian firms represented 56.1% of the gross margin. Down barely by 1.4%, the exercise within the different nations of the Group is on a greater development and represents 1.7% of the gross margin of the Group.
EXPECTED GROWTH IN Q2 2021 BETWEEN 6% AND 8%; GUIDE 2021 CONFIRMED
With a pointy enhance anticipated for April, Q2 exercise ought to present development between 6% and eight%, comprising:
- double digit development Cell firms;
- a big enhance within the variety of coupons deleted In France;
- a resumption of exercise in Belgium.
In view of the nice efficiency in Q1 2021 and the outlook anticipated for the approaching months, the Group has confirmed its orientations for 2021:
- A return to development in gross margin (2020 gross margin: € 74.16 million);
- Improve in adjusted working margin (adjusted EBIT / gross margin) to greater than 17% (2020 adjusted working margin: 16.4%).
HIGHCO VENTURI STARTUP STUDIO: UPDATE ON INNOVATIVE RETAIL TECH PROJECTS
The Group reaffirms that, by means of its Begin HighCo studio Venturi, he advances in his innovation technique to create its development drivers and the options the market wants.
With entry to human and monetary assets, HighCo Venturi has chosen to prioritize the digitization of two foremost promotional instruments, low cost coupons and flyers:
- For cell low cost coupons:
- Develop the primary common cell coupon acknowledged by POS techniques in all factors of sale, step one essential to launch cell coupons in giant meals distribution chains; operational launch already carried out in round thirty French pharmacies, with the target of deploying the answer in additional than 2,000 related pharmacies by the tip of 2021;
- Create a platform to difficulty personalised cell coupons.
- For digital flyers: launch a platform the place retailers digitize their business and promotional communication content material, thus providing them a sound various to paper circulars.
ANNUAL FINANCIAL REPORT 2020 AND ANNUAL GENERAL MEETING 2021
HighCo’s Common Registration Doc 2020 has been deposited with the Authority of Markets Monetary (French Monetary Markets Authority) on April 16, 2021 below quantity D21-0319. The doc accommodates the annual monetary report and is obtainable on the HighCo web site (www.highco.com), below Traders> Regulated data> Annual monetary report.
The annual basic assembly might be held on the head workplace of Aix-en-Provence on Might 17, 2021. A dividend of € 0.27 per share Wimight be proposed on the assembly, representing a sharp enhance of 68.8% on the dividend paid in 2019 (for the 2018 monetary 12 months), which was € 0.16 per share. Cost of the dividend is scheduled for Might 24, 2021 (ex-dividend Might 20, 2021).
If steps are taken to forestall in-person attendance, the board might determine to carry the assembly in digital camera. Shareholders would be told and are inspired to recurrently seek the advice of the Firm’s web site at: https://www.highco.com/en/buyers/assemblee-generale/.
As an professional in advertising and marketing and information communications, HighCo is consistently innovating to work with manufacturers and retailers to fulfill the retail challenges of tomorrow.
Listed on compartment C of Euronext Paris, and eligible for SME share financial savings plans (“PEA-PME”), HighCo has practically 600 staff and has been a part of the Gaia index since 2010, a collection of 70 small and Medium caps.
Occasions to come back
The publications happen after market shut.
Gross revenue Q2 and H1 2021: Tuesday July 20, 2021
Half-year outcomes 2021: Wednesday, August 25, 2021
2021 half-year outcomes convention name: Thursday, August 26, 2021
Gross revenue Q3 and 9 months YTD 2021: Wednesday, October 20, 2021
Gross revenue This fall and FY 2021: Wednesday January 19, 2022
HighCo is a part inventory of CAC indices® Small (CACS), CAC® Medium and small (CACMS), CAC® All-Tradable (CACT), Euronext® Know-how Development (FRTPR) and Enternext® PEA-PME 150 (ENPME).
Bloomberg: HCO FP
For extra monetary data and press releases, go to www.highco.com.
This English translation is for the comfort of English talking readers. Subsequently, the interpretation can’t be relied on to assist a authorized declare, nor can it’s used as a foundation for authorized recommendation. HighCo expressly disclaims any legal responsibility for any inaccuracies herein.
HighCo CP T1 2021 MB_VDEF_EN