Orchestra-Prémaman's yearly turnover up 12 %

Orchestra-Prémaman's yearly turnover up 12 %

French baby and children's retailer Orchestra-Prémaman has realized a 513 million turnover in its fiscal year 2014-2015, up 11.8 % compared to the year before. Its 2014 expansion has definitely paid off.

Over 18 % growth in fourth quarter

The fourth quarter, 3 months leading up to 28 February, was exceptionally good for Orchestra-Prémaman: the children's specialist managed an 18.2 % year-on-year turnover growth, worth 126.2 million euro in sales for the quarter. The opening of 14 new stores has helped realize this growth, but its excellent web shop sales have also contributed: its eCommerce division grew 104.4 % to 4.5 million euro in turnover.

 

For its full fiscal year, turnover grew to 513.3 million euro. French sales were up 12 % and still represent 65 % of the group's total turnover, while growth elsewhere reached 11.5 %. Orchestra-Prémaman is currently active in 50 countries worldwide.

 

CEO Stéphane Ruiz emphasized "further profitability growth and debt reduction, the recovery of the Prémaman Group (which was bought in 2012) and the transformation of the Home Market network, which it acquired in May 2014" as the focal points of its current fiscal year.

Questions or comments? Please feel free to contact the editors


Small Belgian brewery conquers Brazil thanks to playing cards

13/09/2017

Het Nest, a small brewery from Turnhout, will get its beers brewed in Brazil as well. It has struck a deal with Cervejaria Premium Paulista, which will brew and distribute the beers locally.

Price cuts drive 25 % more customers to Whole Foods

12/09/2017

Supermarket chain Whole Foods welcomed an additional 25 % of customers in the first few days following Amazon’s price cuts.

Ter Beke enters British food service industry

12/09/2017

Belgian food group Ter Beke has acquired a 90 % stake in British competitor KK Fine Foods for an undisclosed fee. The current shareholders hold onto the other 10 %.

Godiva wants to conquer the world through supermarkets

12/09/2017

Belgian praline brand Godiva will soon sell its chocolate in supermarkets all over the world after signing a deal with chains like Albert Heijn and Sainsbury’s. Previously, it sold nearly all its chocolate through its own store network.

Insight: Xavier Piesvaux' seven labours at Delhaize

10/09/2017

Can one French and several Dutch managers do what the Belgian management failed to do these past few years at Delhaize Belgium? Its new CEO will face plenty of challenges: we count at least seven.

Nestlé USA acquires food manufacturer Sweet Earth

08/09/2017

Nestlé USA has acquired American Sweet Earth for an undisclosed fee. The company mainly manufactures meat replacements, a rapidly-growing market, but also several frozen meals.

Back to top