Consolidated turnover (1st January - 31st March)
|In million euros||31st March 2008||31st March 2007||Growth|
At a constant exchange rate, excluding the depreciation of the Pound Sterling, turnover reached ¤11.95m, which is growth of 11.4%.
Over 1st quarter of 2008, VDI Group again saw business increase with turnover reaching ¤11.69m, which is growth of 9%.
Both divisions of the group fuelled this growth:
Appointment of David Buffelard as Chairman of the Board of Management
The Supervisory Council, which met on 29th April 2008, has decided to appoint David Buffelard as Chairman of the Board of Management. This role was previously performed by Christian Dutel who has joined the Supervisory Council. David Buffelard will continue to manage the Health and Safety at Work division.
The Annual General Shareholders' Meeting on 29th April 2008 approved the payment of a dividend of ¤0.04 per share for the 2007 financial year, which is an increase of 33%. It will be paid on 15th May 2008.
Sustaining growth in 2008
In 2008, VDI Group continues to implement drivers to accelerate growth and increase its results, with namely:A ramp up of the Health and Safety at Work activity through sales recruitments conducted during the 2007 financial year. The opening of around ten 1001 Piles Batteries shops in France, 6 shops having already been opened or scheduled to open: Lille (59) and Aix en Provence (13) in 1st quarter of 2008, Champagne au Mont d'Or (69) in mid-May, Colmar (68), Boulogne (92) and Le Mans (72) in the second half of 2008. The development of the 1001 Piles Batteries concept including a car and motorcycle battery offer in certain shops. The increase of supply on the Asia zone (70% of purchases in the long-term) through the Shenzhen office, set up at the end of 2006.
All of these factors enable VDI Group to be confident about sustaining growth in 2008 and reaching a target turnover of over ¤45m for operating profitability of approx. 8%.
Next press release: Turnover and 1st half results, on 4th September 2008 after close of trading.
About VDI Group
Set up in 1996, VDI Group mainly operates in the area of catalogue-based, direct selling of 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.
David Buffelard - Chairman of the Board
Tel.: +33 (0)4 72 52 20 00 - email@example.com
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Marie-Claude Triquet - Press relations- Tel.: +33 (0)4 72 18 04 93 - email@example.com
VDI Group is listed on NYSE Alternext - code ISIN n°FR0010337865Information réglementée
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|VDI GROUP||Euronext Paris||4.85||0.00%||231|