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.