CARRERE GROUP : 2006 Annual Results

le
0
    ¤ '000 2004 2005 2006
     
Sales 71 441 123 505 141 434
Production 55 226 92 884  104 197
Distribution 9 171 16 727 22 182
Marketing 7 044 13 894 15 055
     
Current operating profit 8 400 23 237 15 323
% sales 11.8% 18.8% 10.8%
     
Consolidated net income 4 531 17 102 8 354
%  sales 6.3% 13.8% 5.9%
Attributable to the group 1 479 12 604 7 287

In 2006, Carrere Group's total sales was ¤ 141,4 million, current operating profit was ¤ 15,3 million, consolidated net income was ¤ 8,4 million and net income attributable to the group was ¤ 7,3 million.

2006 constitute a year of preparation, creation and investment for the group. In an effort to develop a combine project, this period of transition has strongly accelerated the integration and the organization of all of its activities and all of its subsidiaries.

Carrere Group has primed for the future by diversifying not only its program offering, but also by allocating production to more than fifty subsidiaries.

A year of creation with « Du Côté de Chez Vous TV », the newly launched television channel, which is already among the top cable and satellite channels in terms of audience gathering. Other channels are already in development.

A year of investment: Despite the only disappointment of Riff's inability to honor its commitments and failure to keep its budget, Carrere Group, after letting the president go, has decided to relocate on a single location and invest more than 8 million euros to develop a unique and state-of-the-art post-production studio. As a result of higher than expected construction costs, lack of activity during relocation, and financing disruption, these investments have impacted 2006 margins with non recurrent expenses.

After centralizing its program distribution department, Carrere Group is now having the post-production of all of its subsidiaries at the new site. These synergies generate recurring cost savings.

In this new environment, first quarter sales for 2007 amounted to ¤ 36 944 K compare to ¤ 29 980 K in 2006, an increase of 23.2 %.


CARRERE GROUP
Investor Relations
Claude CARRERE
Tél : 01 49 37 78 00
info@carrere.net
Eurolist - Compartiment B
Code Isin FR 0000044422
ACTUS
Investor Relations
Corinne HAURY
Tél : 01 53 67 07 65
chaury@actus.fr
© Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Valeur associée
  Libellé Bourse Dernier Var. Vol.
Vous devez être membre pour ajouter des commentaires.
Devenez membre, ou connectez-vous.
Aucun commentaire n'est disponible pour l'instant