Consolidated annual results (January 1- December 31)
|In ¤ million||31/12/2007||31/12/2006(1)||Growth||31/12/2006
|Operating income||3.31||2.58||+ 28.3%||3.20|
|Financial result||- 0.49||- 0.37||+ 32.4%||- 0.35|
|Income before tax||2.82||2.21||+ 27.6%||2.85|
|Net income before depreciation of acquisition spread||1.85||1.53||+ 20.9%||1.97|
(1)Including the France Ouate Industrie group acquired on May 15, 2007, over 7 1/2 months.
(2)Including the France Ouate Industrie group, over 12 months.
Over the 2007 financial year, VDI Group achieved new growth in its activity, with turnover reaching ¤42.72 million, up 24.1%. The Portable Energy division had turnover of ¤24.26 million and the Health and Safety at Work division had turnover of ¤18.46 million.
As announced, the second half saw performances rising, with operating profitability reaching 8.9% compared with 6.6% in the 1st half.
Investment for growth
During the financial year, VDI Group proceeded with the integration of France Ouate Industrie. A rationalisation programme led to regrouping all logistics structures at the Corbas site (69). In the 1st half, this reorganisation, which enables considerable economies of scale, generated non-recurring charges of around 300 K¤ (site development and extension costs, occasional staff, transport and IT costs). The return on investment of this rationalisation is estimated at 12 months.
VDI Group also reinforced its sales forces, with the recruitment of additional sales staff. This action had positive effects from the second half, but impacted the salary costs over the financial year.
Two new 1001 Piles Batteries shops were successfully opened, one in Brussels (franchise) and the other one in Paris 13ème.
Globally, over the financial year, operating profitability reached 7.7%, in line with the objectives announced by the Group.
The balance sheet structure is solid, with equity of ¤12.12 million for net financial debt of ¤7.6 million, for a net debt / equity ratio of 0.63.
Favourable trends for 2008
All these elements bolster VDI Group's confidence in the pursuit of growth over 2008, with the group aiming for turnover of more than ¤45 million for operating profitability of around 8%.
About VDI Group
Set up in 1996, VDI Group mainly operates in the area of catalogue-based,direct sellingof consumable products to companies, professionals and organisations (BtoB), as well as to private individuals (BtoC). VDI Group is active on two markets through two divisions:
- "Health and Safety at Work" which markets and sells items linked to occupational health, hygiene and safety.
- "Portable Energy" which designs and distributes all types of batteries, chargers, adaptors and portable lighting products.
VDI Group pools the brands:
|Health and Safety at Work Division:||Portable Energy Division:|
|PRORISK France Ouate Industrie||1001 Piles Batteries allbatteries|
VDI Group has been developing through organic and external growth since its creation. This strategy has enabled it to broaden its product offering, gain a foothold in new market segments and step up its international expansion.
VDI Group employs 289 people to date.
Christian Dutel - Chairman of the Board
Tel.: +33 (0)4 72 52 20 00 - email@example.com
Amalia Naveira / Analyst/investor relations - Tel.: +33 (0)4 72 18 04 97 firstname.lastname@example.org
Marie-Claude Triquet - Press relations- Tel.: +33 (0)4 72 18 04 93 - email@example.com
VDI Group is listed on Alternext by Euronext Paris - code ISIN n°FR0010337865
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|VDI GROUP||Euronext Paris||5.48 (c)||3.79%||5 806|