- Record first half sales of €85m (+113%)
- Strong growth in France (+65%) and international markets (+157%)
- Robust order intake of €76m
- Full year growth prospects reaffirmed (+30% to +50%)
Store Electronic Systems (Euronext: SESL, FR0010282822), a digital solutions specialist for physical retail and the world leader in electronic labelling systems, today announced its sales for the first half of 2016.
|SES-imagotag enjoyed a record first half, with sales of €85m representing strong growth of +113% compared to the first half of 2015, and +20% sequential growth on the record set in the previous semester. Second quarter sales topped the €50m mark for the first time, and was characterized by massive rollouts in both France and Germany.
Order intake was strong at €76m. This is the third highest half-year level ever, albeit below the record of €100m set in the first half of 2015. Orders were driven by several new contracts signed during these last six months.
The outlook for the second semester reinforces the initial annual growth forecast of +30% to +50%, as well as the improved operating margin from 2015.
Growth accelerated in the 2nd quarter of 2016
Business levels were very strong in the second quarter both in France and internationally, thanks to orders signed at the end of 2015 and beginning of 2016. Revenue moved above the €50m mark for the first time in the second quarter, reaching €52.1m, an increase of +119% on Q2 2015.
In France, sales hit a single-quarter record of €17.4m, an increase of +69% on the same period in 2015, thanks in particular to new contracts with Casino and Sephora, and positive steps with independent supermarket chains.
International sales also set a new record at €34.7m with an increase of +157% over the second quarter of 2015. This acceleration was mainly due to the deployment ramp-up from the major contract signed in Germany in 2015. This leading European consumer electronics retailer is pushing to benefit as rapidly as possible from the competitive advantage and operational benefits offered by the SES-imagotag solution. The accelerated pace of the deployment validated the strength and flexibility of the solutions introduced by the Group. A major share of the production relating to this contract is done in Europe.
Record six-month sales of €85m (+113%)
During the first half of 2016, SES-imagotag generated sales of €85m, representing strong growth of +113% compared to H1 2015.
In France, SES-imagotag recorded its best ever performance, with sales of €32m, thanks to new contracts brought about by numerous innovations. These new innovations have encouraged the client base to renew their technology in order to benefit from solutions including geolocation, shopper connectivity, optimization of in-store delivery, analy