GROUPE BOGART : H1 2017 revenue: up 17.5% to EUR 61.2 million (AcT)

Bogart Group (Euronext Paris – Compartment B – FR0012872141 – JBOG), which specializes in the creation, manufacture and commercialization of luxury fragrances and cosmetics, has published its revenue for the first half of 2017 (from January 1, 2017 to June 30, 2017).

Bogart Group posted turnover of €60.5 million for the first half of 2017, up 18.4% on the same period one year earlier, bolstered by the integration of the network of 87 HC Parfümerie boutiques (of which seven franchise stores) in December 2016.

Revenue for the period increased 17.5% to €61.2 million (including licenses) and breaks down as follows:

• Distribution: €20.4 million as against €24.6 million for the first six months of 2016 linked to a challenging base effect brought on by a number of product launches (Carven L'Absolu, Carven L'eau Intense and Silver Scent Pure by Jacques Bogart) in first-quarter 2016. The trend improved significantly between the first quarter (-22%) and the second quarter (-12%) ahead of the major project launches scheduled for the second half of the year (see below). Turnover for Group brands in Bogart's own network is restated under Boutiques.
• Boutiques: up 51.3% to €40.1 million, bolstered by the integration of HC Parfümerie Group. At constant scope, revenue rose 3.8%, in line with Group expectations and market trends. The Group saw its brands make an increasing contribution to turnover through its network of own-brand boutiques in both France and Germany, confirming the virtuous cycle driven the integration strategy.
• Licenses: €0.7 million in licensing contracts granted for the Ted Lapidus brand.

Outlook

The Group looks forward to an acceleration in revenue for its Distribution business in the second half of 2017. Growth will be lifted by launches scheduled at the Group's three leading brands: a new exclusive Carven collection in the third quarter and new Ted Lapidus and Jacques Bogart fragrances in the fourth quarter.

The extension of the Groups know-how and strategy to the HC Parfümerie network is a natural springboard for the Boutiques business in 2017. The second half of the year will also be marked by the roll?out of 250 April cosmetics product references across the Group's entire network of more than 150 boutiques. The Group will also remain attentive to new opportunities for external growth.

Bogart Group therefore expects 2017 to be another year of growth.

Bogart Group will publish its 2017 first?half results during the week beginning September 18, 2017.

BOGART Group specializes in the creation, manufacture and commercialization of luxury fragrances and cosmetics. With a unique market positioning as a manufacturer-distributor, the Group is present in more than 90 countries, and markets its products in France via selective fragrance and cosmetics networks and overseas via local distributors and Group subsidiaries. The Group employs 1,117 members of staff and generates 74% of its turnover outside France. In 2016, the Group posted turnover of over €104 million.

Turnover by business division breaks down as follows:

- Distribution (40%): fragrances (Bogart own brands, Ted Lapidus and Carven, and licensed brands Chevignon and Naf Naf) and cosmetics (own brands Méthode Jeanne Piaubert, Stendhal and April).
- Boutiques (60%): own-brand fragrance chain.

Total Group revenues (Ted Lapidus licenses included) amounted to more than €105.8 million in 2016.

BOGART Group is listed on the Euronext Paris stock exchange (Ticker: JBOG – ISIN: FR0012872141)

Group website

Source : Actusnews