HIGHLIGHTS OF THE SECOND QUARTER 2017
Sales revenue of the second quarter decreased by 4.5% (covering a favorable exchange rate impact of 0.6%) in comparison to the 2016 second quarter. Such decrease was due to a regression of the activity in France and in the other European countries and a progression in North America and Brazil.
Operating income in the first half of 2017 should be lower than the one in 2016.
The implementation of the new organization of the establishments in France has begun in a good climate of consultation with the concerned people and the staff representatives. Six people have refused the proposal to amend their employment contract. The impact on the consolidated half-year financial statements should not be significant.
The acquisition of the land in Les Olmes (area of Lyon) where the future logistic platform of the group shall be located has been concluded on June 10, 2017 for an amount of ?2,260 thousand.
In Canada, the Supreme Court rejected the appeal of our Canadian subsidiary against the judgment dated October 26, 2016 of the Quebec Court of Appeal which authorized the start of a class action proceeding. This proceeding continues on the merits before the Superior Court of Quebec. No amount has been accrued to cover this litigation.
Our company carries on the development of homeopathy in the world with the same determination.
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