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Spain's La Liga says ready to turn to EU over City and PSG cases

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MANCHESTER, England (Reuters) - The Spanish soccer league's organising body La Liga is ready to turn to the European Union if UEFA does not enforce its Financial Fair Play (FFP) rules against Manchester City and Paris St Germain, a spokesman told Reuters on Tuesday. Reported by SBS 5 hours ago.

Liverpool transfer news: Alberto Moreno ‘dreaming’ of return to Sevilla after falling out of favour at Anfield – reports

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Alberto Moreno is ‘dreaming’ of leaving Liverpool to Sevilla, according to reports in Spain. The left-back has made just one Premier League appearance this season and is deemed surplus to requirements by Jurgen Klopp. He started exactly half of the Reds’ league games last season thanks in part to the emergence of Andy Robertson after […] Reported by talkSPORT 4 hours ago.

Former Brazilian superstar Ronaldinho has compiled quite a bit of debt

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Former Brazilian superstar Ronaldinho has compiled quite a bit of debt A judge in Brazil has reportedly ordered for Ronaldinho's passport to be seized, with the former Barcelona star having unpaid debts of £1.75million ($3.4million NZD).According to reports in Spain, authorities found a total of just... Reported by New Zealand Herald 4 hours ago.

Solutions 30 : Accelerated growth in the third quarter of 2018

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Press release
November 6, 2018, 6:00 pm

*Accelerated growth in the third quarter of 2018*

· Q3 revenue:  +59.5%
· Quarterly revenue exceeds €100 million for the first time

 

Solutions 30 SE, the European leader in solutions for new technologies, publishes its revenue for the third quarter of 2018.

*In millions of euros*
(Unaudited figures) * * *9 months* * * *3^rd quarter*
* * *2018* 2017 *% change* * * *2018* 2017 *% change*
*Total* * * *291.1* 189.0 *+54.0* *%* * * *114.5* 71.8 *+59.5* *%*
From France * * *185.8* 120.5 +54.1 % * * *69.7* 45.6 +53.0 %
From abroad * * *105.3* 68.5 +53.8 % * * *44.8* 26.2 +70.9 %

*Accelerated growth in the third quarter: +59.3%*

With €114.5 million in revenue in the third quarter of 2018, Solutions 30 has hit the symbolic milestone of €100 million in quarterly revenue for the first time. The group’s rate of growth has reached +59.5% (+17.6% like-for-like), based on comparisons with 2017.

*In France*, Q3 2018 revenue was €69.7 million, up +53.0% (+21.2% like-for-like). All of the group’s business units fueled this organic momentum, which was only reinforced by fully consolidating CPCP as of August 1^st.

*Revenue from international operations* rose to €44.8 million, an increase of +70.9% (+11.4% like-for-like). This performance was mainly fostered by the strategic acquisitions made in Benelux in 2018, namely the full consolidation of Janssens Field Services (JFS) and Unit-T, which is 70% owned by Solutions 30 and 30% owned by the Belgian cable operator Telenet. This subsidiary is in the process of being integrated and will reach its nominal level in November.

*Revenue for the first three quarters* amounted to €291.1 million, an increase of 54.0%. Solutions 30 has a good balance of domestic (+54.1%) and international (53.8%) growth as well as organic growth (+29.8%) and acquisitions (+24.2%).

*Outlook for profitable, sustainable growth confirmed*

Momentum from the third quarter is carrying over into the fourth thus bolstering the group in its capability to achieve its annual goals of sustainable and profitable growth.

In the long term, the group will continue to benefit from structurally fast growing markets and to deploy its profitable model throughout Europe in order to capitalize on growth opportunities provided by the economy’s digital transformation. Pursuing targeted acquisitions is part of the group’s strategy to reach its medium-term goal of exceeding a billion euros in revenue.

*Securities transactions*

During the Extraordinary General Meeting held on October 31^st, the shareholders of Solutions 30 approved a resolution to divide the nominal value of Solutions 30 shares by four. After this operation which aims to increase the shares’ accessibility and liquidity, the company’s capital will consist of 96,719,248 shares worth a nominal value of 0.1275 €.

As described in the press release dated October 31^st, the delisting of the old shares (ISIN Code: FR0013188844) and the listing of the new shares (ISIN Code: FR0013379484) will take place on November 7^th. The new shares will be delivered on November 9^th.

In addition, and as stated in the press release dated September 24^th, the Executive Board will proceed on November 9^th to grant to 14 Executives of Solutions 30, 7,338,144 stock options, which can be immediately exercised, leading to the issuance of the same number of shares. The company’s capital will the consist of 104,057,392 shares.

*Upcoming events: *

January 28, 2019                              2018 Annual Sales
April 24, 2019                                    2018 Annual Results
April 25, 2019                                    2:30 pm: Investor Meeting (in French)
                                                                               5 pm: Investor Conference Call (in English)

^(*) Published after market closes at 6 pm

*About Solutions 30*

The Solutions 30 Group is the European leader in solutions for new technologies. Its mission is to make the technological developments that are transforming our daily lives accessible to everyone, individuals and businesses alike. Yesterday, it was computers and the Internet. Today, it’s digital technology. Tomorrow, it will be technologies that make the world even more interconnected in real time. With more than 10 million call-outs carried out since it was founded and a network of more than 6,000 local technicians, Solutions 30 currently covers all of France, Italy, Germany, the Netherlands, Belgium, Luxembourg, and Spain. The share capital of Solutions 30 SE consists of 24,179,812shares, equal to the number of theoretical votes that can be exercised.

Solutions 30 SE is listed on Euronext Growth (ISIN FR0013188844 becoming FR0013379484 on November 7^th- code ALS30) as well as the Frankfurt Stock Exchange on the XETRA e-listing system (ISIN FR0013188844 becoming FR0013379484 on November 7^th – code 30L2) 
Indexes: MSCI Europe Small Cap | Tech40 | CAC PME.
For more information, visit our website: www.solutions30.com 

*Contacts - Solutions 30*

*SOLUTIONS 30* *EDIFICE COMMUNICATION*
Nezha Calligaro | CEO PA Samuel Beaupain | Media Relations
+352 2 648 19 17 | nezha.calligaro@solutions30.com 06 88 48 48 02 | samuel@edifice-communication.com
*GENESTA FINANCE*  
Hervé Guyot | Listing Sponsor Nathalie Boumendil | Investor Relations
01 45 63 68 60 | hguyot@genesta-finance.com
06 85 82 41 95 | nathalie@edifice-communication.com

*Attachment*

· PRESS RELEASE 06 NOVEMBER 2018 Reported by GlobeNewswire 4 hours ago.

Spain and Russia agree to set up joint cybersecurity group

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MADRID (AP) — The foreign ministers of Russia and Spain say they agreed to establish a joint cybersecurity group to keep the malicious spreading of misinformation from damaging relations between their countries. Spanish Foreign Minister Josep Borrell said he welcomed Russian Foreign Minister Sergei Lavrov's proposal for a collaborative effort "to gauge the extent of the problem and analyze it to prevent it from becoming a source of friction." Lavrov said in Madrid on Tuesday he discussed with Borrell how "some Russian mass media go beyond the limits of their professional activity and create inadmissible interference in other countries' issues." But Lavrov insisted no evidence has been found of Russian government involvement. Reported by SFGate 3 hours ago.

LIVE SCORES: All the goals as they go in

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LIVE SCORES: All the goals as they go in Follow games in the UK, Spain, Italy, Germany, France and beyond with Goal's extensive match coverage! Reported by Goal.com 1 hour ago.

David Silva to take ceremonial kick-off for Spain in friendly with Bosnia

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David Silva to take ceremonial kick-off for Spain in friendly with Bosnia The Manchester City midfielder retired from international duty after the World Cup this summer, but his feats will be celebrated at the Estadio de Gran Canaria on November 18. Reported by MailOnline 24 minutes ago.

Market wrap: sentiment a little firminr in US ahead of US election results today - Westpac

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Analysts at Westpac noted that the sentiment was modestly negative in Europe but improved a little in the US. 

*Key Quotes:*

"Net movements in major markets were mostly small and the data calendar light. Today will be dominated by the results of the US midterm elections, starting from about 11am Sydney."

*Key Quotes:*

"EUR/USD ranged between 1.1390 and 1.1440, flat overall. The final October reports on Eurozone services (53.7) and composite (53.1) PMIs lifted from their ‘flash’ readings (53.3 and 52.7) on the back of improved outcomes in Germany and Spain. However, Italy’s slip to contraction (49.3) and the decline in overall confidence across the region highlight the risk seen in the orders components."

"AUD/USD round-tripped from 0.7215 to 0.7241 and back. NZD/USD similarly round-tripped from 0.6665 to 0.6684 and back. AUD/NZD slipped from 1.0845 to 1.0825."

"GBP/USD was volatile once again on Brexit headlines but ultimately firmer, up 0.4% on the day at 1.3095, the strongest G10 currency. USD/JPY rose from 113.10 to 113.50 – a one-month high."

"The US Job Openings and Labor Market Turnover Survey (JOLTS) showed some moderation in key labour market metrics but broadly continues to point to tight labour market conditions; the number of job openings eased back from record highs in September to 7.01mn (vs expectations at 7.09mn) while the quits rate, a gauge of employee confidence in job prospects, held steady at seventeen year highs of 2.4%." Reported by FXstreet.com 18 minutes ago.

Spain seeks contingency plans with UK tour operators over fears of no-deal Brexit

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'We want to be optimistic, but we are at a point at which we all have to keep up the pressure on the negotiators' Reported by Independent 7 minutes ago.

Savory Snacks Market to 2023: $138.9 Bn Market to Grow at a CAGR of 7.2% with Calbee Foods, ConAgra Foods, Itc, Intersnack, Mondelez, Pepsico, Kellogg, Mondelez and General Mills Dominating

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Dublin, Nov. 07, 2018 (GLOBE NEWSWIRE) -- The "Savory Snacks Market - Growth, Trends and Forecasts (2018 - 2023)" report has been added to *ResearchAndMarkets.com's* offering.

The global market for savory snacks was valued at USD 96 billion in 2016 is expected to reach USD 138.90 billion by 2023 at a CAGR of 7.20%. Savory snacks are the emerging fast food category in the global market.

Changing Consumer Food Preferences to Help Savory Snacks Market

The global savory snacks market is largely driven by changing lifestyles, food consumption habits; rise in disposable incomes and increasing food convenience. Mounting health concerns among consumers and food ingredient regulations by governments may restrain the savory snack market growth. The rising popularity of innovative products with different types of flavors and organic based savory products are market capturing opportunities.

Asia-Pacific is the Fastest Growing in Savory Snacks Market

The various products include potato chips, extruded snacks, nuts, and seeds, traditional snacks, popcorn, pretzels, meat snacks, etc. Potato chips are highest in demand, followed by popcorn, traditional and nut snacks. The distribution channel is segmented into hypermarkets, supermarkets, convenience stores, departmental stores, specialty stores and online purchases.

The global savory snacks market is dominated by North America with 27% of total market share followed by other regions such as Europe, Asia-Pacific, South America, and Africa. In North America, the US is the largest consumer of savory snacks. Europe is the second largest consumer of savory snacks with the U.K., France, Germany, Spain and Italy being the major consumers. China and India are not only the largest consumer market in the Asia-Pacific region but are also the fastest growing market for savory snacks globally. These countries are supported by their large population, rapid urbanization, and increasing disposable income.

Savory Snacks Market Competitive Landscape

There is high competition in the global savory snacks market as the market is highly fragmented. The top ten global players have only one-fifth share of the overall savory snacks market. The local and regional snacks manufacturers cater to area-specific taste, which is very difficult for global players to capture. The entry for new players is easy because of the large number of alternatives in the same snacks category, low customer loyalty and high shifting habits in the market. Product launches of innovative flavors, organic and gluten-free products and mergers and acquisitions with local players have been the major business strategies for market growth.

Major players in the market include Calbee Foods Co Ltd., ConAgra Foods Inc., Itc, Intersnack Gmbh & Co, Mondelez International Inc., Pepsico, Kellogg Co., Mondelez International Inc., and General Mills Inc.

*Key Topics Covered:*

*1. Introduction*
1.1 Key Deliverables of the Study
1.2 Study Assumptions
1.3 Market Definition

*2. Research Approach & Methodology*
2.1 Introduction
2.2 Research Designs
2.3 Study Timelines
2.4 Study Phases

*3. Key Findings*

*4. Market Dynamics*
4.1 Drivers
4.2 Constraints
4.3 Opportunities
4.4 Porter's Five Forces Analysis
4.5 Consumer Behavior Analysis

*5. Market Segmentation*
5.1 By Product Types
5.1.1 Potato Chips
5.1.2 Extruded Snacks
5.1.3 Nuts and Seeds
5.1.4 Traditional Snacks
5.1.5 Popcorn
5.1.6 Pretzels
5.1.7 Meat Snacks
5.1.8 Others
5.2 By Distribution Channel
5.2.1 Speciality Stores
5.2.2 Online Store
5.2.3 Super Markets/ Hyper Markets
5.2.4 Convenience Stores
5.2.5 Departmental Stores
5.2.6 Others
5.3 By Geography

*6. Competitive Landscape*

*7. Company Profiles*
7.1 Arca Continental
7.2 Blue Diamonds Growers.
7.3 Calbee Foods Co. Ltd
7.4 ConAgra Brands Inc.
7.5 General Mills Inc.
7.6 Lorenz Snack World
7.7 ITC Limited
7.8 Mondelez International
7.9 PepsiCo
7.10 Kellogg's
7.11 Intersnack Group GmbH
7.12 Link Snacks Inc.
7.13 Oberto Group

For more information about this report visit https://www.researchandmarkets.com/research/2hz8vp/savory_snacks?w=12

Did you know that we also offer Custom Research? Visit our Custom Research page to learn more and schedule a meeting with our Custom Research Manager.

CONTACT:
CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900
Related Topics: Savory Snacks Reported by GlobeNewswire 6 hours ago.

Spain to force banks to pay mortgage stamp duties

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Madrid thwarts the recent court ruling that home buyers should pay the taxes Reported by FT.com 5 hours ago.

Saudi Arabia signs deal with Spain to make navy ships

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Saudi Arabia signs deal with Spain to make navy ships The Spanish defense industry has come under fire for supplying weapons to Saudi Arabia because of concerns their use is causing civilian casualties in Yemen. Reported by Jerusalem Post 5 hours ago.

Maisons du Monde: Third-quarter 2018 sales

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*PRESS RELEASE*

*MAISONS DU MONDE: THIRD-QUARTER 2018 SALES*

*Solid Q3 sales growth and positive like-for-like in an anticipated soft trading environment*

*Full-year 2018 targets updated*

_________________________________________

· *Q3 2018 sales up 8.6% to €260 million including Modani and up 5.0% at constant perimeter; year-to-date sales up 10.2%, of which +8.1% at constant perimeter*
· *Like-for-like sales growth of 1.1% at constant perimeter in Q3 2018, and 3.6% year-to-date, reflecting a challenging base effect and the anticipated soft trading environment in France*
· *Continued strong momentum in online (+17.6%) and international (+11.5%) sales in Q3 2018, which account year-to-date for 24% and 41% of sales respectively*
· *5 net store openings in Q3 2018, and 12 year-to-date (of which 8 outside France)*
· *FY 2018 targets updated:*

· *At constant perimeter, sales growth now expected to be between 7% and 8%*
· *Including Modani, sales growth now expected to be between 9% and 10%*
· *Net store openings:*

· *At constant perimeter: 22 net store openings*
· *Including Modani: 25 net store openings*

· *EBITDA guidance unchanged in absolute value, both at constant perimeter and including Modani*

*Julie Walbaum, CEO and Arnaud Louet, CFO will host a conference call for analysts and investors on Wednesday, 7 November 2018 at 06:30pm CET*

_________________________________________

*Nantes, 7 November 2018*

Maisons du Monde (Euronext Paris: MDM, ISIN Code: FR0013153541), a European leader in affordable and inspirational decoration and furniture homeware, today announces its third-quarter 2018 sales.

Julie Walbaum, Chief Executive Officer of Maisons du Monde, commented:

"Maisons du Monde's third-quarter performance demonstrated the robustness of our business model and omnichannel strategy. Growth momentum remained strong in online sales and international business, which both grew at double-digit rates, offsetting the anticipated soft retail environment in stores in France and an unfavorable base effect. Thanks to its successful integration, Modani also contributed to the overall sales growth in the third quarter.

We expect trends this quarter to be broadly in line with those in Q3, with strong international and online sales and a continued softer environment in stores in France. Reflecting this, we have slightly updated our full-year 2018 sales target. Despite a more cautious outlook on sales growth, we maintain our previous EBITDA guidance in absolute value, both at constant perimeter and including Modani.

We have also updated our forecast for net openings and we now expect to open 22 Maisons du Monde stores. This includes a first test of the Maisons du Monde concept in the US, with the opening of a store in Miami before the end of the year.

In this key fourth quarter, Maisons du Monde's teams are fully focused on implementing the Group's omnichannel strategy and its commercial initiatives, while pursuing its expansion plan both in France and abroad."

*****

*Q3 2018 performance reflecting the anticipated soft trading environment*

In the third quarter of 2018, Maisons du Monde posted total sales of €260 million, up 8.6% year-on-year including Modani and up 5.0% at constant perimeter. Like-for-like sales growth was 1.1% at constant perimeter, on a challenging comparable base (LFL growth of 10.3% in Q3 2017) and negative calendar effect. This performance was also consistent with the anticipated soft trading environment in stores in France.

The quarter saw continued strong momentum in online sales, up 17.6% year-on-year (24% of sales), as well as international business, up 11.5% year-on-year (41% of sales), confirming the robustness of the Group's business model and omnichannel strategy.

Maisons du Monde also continued to propose an attractive offer for customers. In addition to the autumn-winter decoration collection, highlights included the launch of the first lighting catalogue, a capsule collection in partnership with Chantal Thomass, as well as a collection for pets. Moreover, the Group successfully deployed the in-store and digital Home Decoration Advice Services, which includes a 3D app allowing customers to visualize their furniture items at home.

Furthermore, Maisons du Monde continued to implement its development plan, with 5 net store openings in the quarter (7 gross openings, of which 5 outside France, and 2 closures for relocation in France). The opening of a flagship store in the city center of Madrid (Spain) further cemented the Group's store network expansion strategy. In addition, a new store under franchise was opened in August 2018 in Dubai, bringing the total to seven worldwide.

Lastly, since its acquisition last May, Modani has performed in line with expectations and commercial synergies have continued to be implemented. Three new showrooms were also opened in July 2018, bringing the total to 13 in the US.

*Continued strong online and international momentum in 9M 2018*

In the first nine months of 2018, Maisons du Monde reported total sales of €767 million, up 10.2% year-on-year including Modani and up 8.1% at constant perimeter. Like-for-like sales growth reached 3.6% at constant perimeter on a challenging comparable base (LFL growth of 9.4% in 9M 2017) and a soft trading environment in France, particularly in the third quarter. Growth momentum remained strong in online sales, up 17.7% year-on-year, and international business, up 12.9% year-on-year. Online now accounts for 24% of sales and 41% of our sales are generated outside of France, demonstrating the success of the Group's omnichannel and international strategy.

In the first nine months, Maisons du Monde recorded 12 net store openings, reflecting 18 gross openings (of which 9 outside France and 5 shop-in-shops) and 6 closures for relocation (of which 5 in France). As of 30 September 2018, the Group operated 325 stores across eight markets in Europe.

*Full-year 2018 targets updated*

Based on its third-quarter and nine-month 2018 performance and its expectations for the fourth quarter, Maisons du Monde updates its full-year 2018 targets:

· At constant perimeter, sales growth now expected to be between 7% and 8%;
· Including Modani, sales growth now expected to be between 9% and 10%;
· Net store openings:

· At constant perimeter: 22 net store openings;
· Including Modani: 25 net store openings;

· EBITDA guidance unchanged in absolute value, both at constant perimeter and including Modani.

*****

*Details of the conference call and webcast*

Julie Walbaum, CEO and Arnaud Louet, CFO will host a conference call and webcast to review Maisons du Monde's Q3 & 9M 2018 performance on Wednesday, 7 November at 06:30pm CET (05:30pm GMT). The presentation slides will be available prior to the start of the live event on the Company's website at https://corporate.maisonsdumonde.com/en.

To access the conference call, please dial in 10 minutes before the scheduled start time of the live event using the following confirmation code and dial-in numbers:

*Confirmation code* *703 62 26*
France +33 (0)1 76 77 22 57
United Kingdom +44 (0)330 336 9411
United States +1 929 477 0448
Germany +49 (0)69 2222 2018
Italy +39 02 3600 9838
Spain +34 91 419 2514
Switzerland +41 (0)22 567 5750

The event will be webcast live and can be accessed at https://edge.media-server.com/m6/p/ibsay2by.

A replay of the audio webcast will be available approximately two hours after the end of the live event for a period of one year and can be accessed at https://edge.media-server.com/m6/p/ibsay2by

*****

*APPENDICES*

*Summary of Q3 2018 sales for Maisons du Monde*^[1]

* * *Three months ended 30 September*
*In € million* *2017* *2018* *% change*
*Sales* *239.3* *251.2* *+5.0%*
% like-for-like change +10.3% +1.1% -
* * * * * * * *
*Sales by geography* * * * * * *
France 146.3 147.6 +0.8%
International 92.9 103.6 +11.5%
*Total* *239.3* *251.2* *+5.0%*
* *      
France (%) 61.2% 58.8% -
International (%) 38.8% 41.2% -
*Total (%)* *100.0%* *100.0%* *-*
* *      
*Sales by distribution channel* * * * * * *
Stores 188.1 190.9 +1.5%
Online 51.2 60.2 +17.6%
*Total* *239.3* *251.2* *+5.0%*
* *      
Stores (%) 78.6% 76.0% -
Online (%) 21.4% 24.0% -
*Total (%)* *100.0%* *100.0%* *-*
* *      
*Sales by product category* * * * * * *
Decoration 134.7 135.6 +0.7%
Furniture 104.6 115.6 +10.5%
*Total* *239.3* *251.2* *+5.0%*
* *      
Decoration (%) 56.3% 54.0% -
Furniture (%) 43.7% 46.0% -
*Total (%)* *100.0%* *100.0%* *-*

*Summary of 9M 2018 sales for Maisons du Monde*^[2]

* * *Nine months ended 30 September*
*In € million* *2017* *2018* *% change*
*Sales* *695.9* *752.4* *+8.1%*
% like-for-like change +9.4% +3.6% -
* * * * * * * *
*Sales by geography* * * * * * *
France 425.3 446.9 +5.1%
International 270.5 305.4 +12.9%
*Total* *695.9* *752.4* *+8.1%*
* *      
France (%) 61.1% 59.4% -
International (%) 38.9% 40.6% -
*Total (%)* *100.0%* *100.0%* *-*
* *      
*Sales by distribution channel* * * * * * *
Stores 542.6 571.9 +5.4%
Online 153.2 180.4 +17.7%
*Total* *695.9* *752.4* *+8.1%*
* *      
Stores (%) 78.0% 76.0% -
Online (%) 22.0% 24.0% -
*Total (%)* *100.0%* *100.0%* *-*
* *      
*Sales by product category* * * * * * *
Decoration 377.6 399.9 +5.9%
Furniture 318.3 352.5 +10.7%
*Total* *695.9* *752.4* *+8.1%*
* *      
Decoration (%) 54.3% 53.2% -
Furniture (%) 45.7% 46.8% -
*Total (%)* *100.0%* *100.0%* *-*

*Key Q3 2018 financial metrics*

* * *Three months ended 30 September*
*In € million* *2017* *2018* *% change*
*Sales* *239.3* *259.8* *+8.6%*
Of which Maisons du Monde 239.3 251.2 +5.0%
  % like-for-like change +10.3% +1.1% -
  Modani - 8.6 n/a

*Key 9M 2018 financial metrics*

* * *Nine months ended 30 September*
*In € million* *2017* *2018* *% change*
*Sales* *695.9* *766.8* *+10.2%*
Of which Maisons du Monde 695.9 752.4 +8.1%
  % like-for-like change +9.4% +3.6% -
  Modani - 14.5 n/a

*Evolution of the Maisons du Monde store network*^[3]

* * *Period ended*
*In unit* *31-Dec-17* * * *31-Mar-18* *30-Jun-18* *30-Sept-18* * * *30-Sept-18*
France 212   213 216 216   216
Italy 42   42 42 45   45
Belgium 22   21 21 21   21
Spain 20   20 20 21   21
Luxembourg 2   2 3 3   3
Germany 9   9 9 9   9
Switzerland 6   6 6 6   6
United Kingdom -   - 3 4   4
* * * * * * * *   * * * * * *
*Number of stores* *313* * * *313* *320* *325* * * *325*
Net store openings -   - +7 +5   +12
               
*Sales area (K sqm)* *363.0* * * *365.4* *371.0* *376.5* * * *376.5*
Change (K sqm)     +2.4 +5.6 +5.5   +13.5

*****

*Key operating metrics*

Besides the financial indicators set out in International Financial Reporting Standards (IFRS), Maisons du Monde's management uses several key metrics to evaluate, monitor and manage its business. The non-IFRS operational and statistical information related to Group's operations included in this press release is unaudited and has been taken from internal reporting systems. Although none of these metrics are measures of financial performance under IFRS, the Group believes that they provide important insight into the operations and strength of its business. These metrics may not be comparable to similar terms used by competitors or other companies.

· *Sales:* Represent the revenue from sales of decorative items and furniture through the Group's retail stores, websites and BtoB activities. They mainly exclude (i) customer contribution to delivery costs, (ii) revenue for logistics services provided to third parties, and (iii) franchise revenue. The Group uses the concept of "sales" rather than "total revenue" to calculate like-for-like growth, gross margin, EBITDA margin and EBIT margin.
· *Like-for-like sales growth:* Represents the percentage change in sales from the Group's retail stores, websites and BtoB activities, net of product returns between one financial period (n) and the comparable preceding financial period (n-1), excluding changes in sales attributable to stores that opened or were closed during either of the comparable periods. Sales attributable to stores that closed temporarily for refurbishment during any of the periods are included.
· *Gross margin:* Is defined as sales minus cost of sales. Gross margin is also expressed as a percentage of sales.
· *EBITDA:* Is defined as current operating profit, excluding (i) depreciation, amortization, and allowance for provisions, (ii) the change in the fair value of derivative financial instruments, and (iii) store pre-opening expenses.
· *EBIT:* Is defined as EBITDA after depreciation, amortization, and allowance for provisions.
· *Net debt:* Is defined as the Group's convertible bonds ("OCEANE"), term loan, revolving credit facilities, finance lease debt, deposits and bank borrowings, net of cash and cash equivalents.
· *Leverage ratio:* Is defined as net debt divided by EBITDA (including Modani on a pro forma basis for the period, excluding the liabilities from the earn-out and the put option).

*****

*Financial calendar*^[4]

*12 March 2019* Full-year 2018 results (press release and conference call after market close)

*****

*Disclaimer: Forward Looking Statement*

This press release contains certain statements that constitute "forward-looking statements", including but not limited to statements that are predictions of or indicate future events, trends, plans or objectives, based on certain assumptions or which do not directly relate to historical or current facts. Such forward-looking statements are based on management's current expectations and beliefs and are subject to a number of risks and uncertainties that could cause actual results to differ materially from the future results expressed, forecasted or implied by such forward-looking statements. Accordingly, no representation is made that any of these statements or forecasts will come to pass or that any forecast results will be achieved. Any forward-looking statements included in this press release speak only as of the date hereof, and will not give rise to updates or revision. For a more complete list and description of such risks and uncertainties, refer to Maisons du Monde's filings with the French Autorité des marchés financiers.

*****

*About Maisons du Monde*

Maisons du Monde is a creator of inspirational lifestyle universes in the homeware industry, offering distinctive and affordable decoration and furniture collections that showcase multiple styles. The Group develops its business through an integrated and complementary omnichannel approach, leveraging its international network of stores, websites and catalogues. The Group was founded in France in 1996 and has profitably expanded across Europe since 2003. The Group posted sales of €1,011 million and EBITDA of €139 million for the year ended 31 December 2017. In 2017, the Group operated 313 stores in seven countries including France, Italy, Spain, Belgium, Germany, Switzerland, and Luxembourg, and derived over 38% of its sales from outside France. The Group has also built a successful complementary and comprehensive online shopping website, sales from which grew 35% per year on average between 2010 and 2017. The website is available in eleven countries: the seven countries where the Group operates stores plus Austria, the Netherlands, Portugal and the United Kingdom. In 2017, online sales represented 21% of the Group's sales.

corporate.maisonsdumonde.com

*****

*Contacts*

*Investor Relations* *Press Relations*
Laurent Sfaxi - +33 2 51 71 52 07 Clémentine Prat - +33 2 51 79 54 08
lsfaxi@maisonsdumonde.com cprat@maisonsdumonde.com
^[1] Excluding Modani.

^[2] Excluding Modani.

^[3] Excluding Modani.

^[4] Indicative timetable.

*Attachment*

· PDF Version.pdf Reported by GlobeNewswire 5 hours ago.

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Europe's anti-monopoly chief conducted 'very preliminary investigations' into Apple but decided it's 'not a dominant company' (AAPL)· *European Commissioner for Competition Margrethe Vestager said, "In some of the areas where we have had very preliminary investigations, we find that Apple is not a dominant company."*
· *In the past, Vestager has fined Apple €13 billion ($15 billion) for non-payment of taxes and fined Google €7 billion ($8 billion) for anti-competition violations.*
· *Apple and its investors will thus be relieved they are no longer in her searchlight.* 
· She is near the end of her third investigation into Google, she said. That probe focuses on AdSense.

LISBON — The European Commission conducted "very preliminary investigations" into whether Apple might be so large that it had an anti-competitive effect in Europe, but quickly realised that the company was not "dominant" enough in its markets to warrant further action, the European Commissioner for Competition said Wednesday.

Margrethe Vestager, European Union's anti-monopoly chief since 2014, was speaking at a press conference at the Web Summit conference in Lisbon. When asked whether she was concerned that Apple might be using apps like iMessage to lock other apps out of the messaging market, she replied that Apple simply wasn't big enough to warrant regulatory action.

"We haven't looked specifically into messengers," she said.

"In some of the areas where we have had very preliminary investigations, we find that Apple is not a dominant company," she said. "It's a big company, but it does not hold a dominance as Google does in some of its markets, and that would be the background of that."

Vestager has previously ordered a €13 billion ($15 billion) fine against Apple for its use of Irish tax laws to reduce its corporate tax. That was the biggest fine in tax history. She has also ordered fines of €2.7 billion and €4.3 billion against Google for abusing its dominance of search to favour its own comparison shopping services, and for requiring phone manufacturers who use the Android operating system to also use Google's apps and to exclude competing apps.

*Read more:* The White House is considering an antitrust investigation into 'online platform bias' at Google and Facebook — read the leaked document here.

She also drew a comparison between Google and Apple based on their size, and the effect of that size on competition.

"Google in the legal term of dominance is a dominant company because they are dominant in search," she said. "The bigger you get the more responsibility you get. So if you are a dominant company, you also have a special responsibility because competition is weakened in the market that you're in. This is why we have the Google case. This is the legal basis of the Google case. And if a company is not dominant it can do all the things that a dominant company can do, and in some of the areas where we have had very preliminary investigations, we find that Apple is not a dominant company. It's a big company but it does not hold a dominance as Google does in some of its markets, and that would be the background of that."

Apple's iPhone operating system, iOS, has a little more than one third market share in the UK versus Google's Android operating system. In some European countries, like Spain, Android has as much as 90% market share. 

Vestager's office still has one more ongoing investigation into Google, on the question of whether the search giant uses its Adsense advertising product to reduce competition. "We are approaching the end also of that investigation," she said.

*SEE ALSO: Google's new $150 Home Hub does a lot of things you probably don't need — but it has one feature that automatically makes the price tag worth it*

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