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ABEO, a world leader in sports and leisure equipment and Official Supporter of Paris 2024 Olympic and Paralympic Games , today announces its revenue and order intake for the first quarter of 2023/24 financial year (from 1 April to 30 June 2023).
|Sportainment & Climbing||13.0||14.2||-8.1%||-6.8%|
|Q1 order intake2||65.2||58.8||+10.9%||+11.0%|
During the first quarter of the new financial exercise, ABEO delivered a revenue of €57.9m, up 3.4% including 3.0% of organic growth compared to prior year. The integration of BigAirBag has generated a consolidation gain of 1.3% partially offset by an unfavourable currency impact of 0.9%.
The Sports division continued its growth trajectory, with a revenue up 13.1% (+11.2% like-for-like), mainly driven by the Gymnastics business in Europe and North America, this market benefiting from the new partnership with USA Gymnastics (USAG).
The Sportainment & Climbing division first quarter shows a revenue of €13.0m being the third best quarter post covid crisis in terms of volume, a noticeable decline of 8.1% versus prior year mainly due to a challenging baseline at +61% of growth. The US Sportainment market continues to suffer from a competitive environment, while core business activities remain strong.
Lastly, Changing Rooms division reported a revenue of €16.2m, stable over the period (-1.5%) and continued to benefit from strong demand in France and Germany.
Outlook: record order intake for the quarter1
2023/24 Q1 business activity was particularly dynamic in all 3 divisions, with a record order intake of €65.2m, up 10.9% compared to Q1 2022/23 (+11.0% like-for-like).
Reinsured by the solid performance of the first quarter, the Group is confident in maintaining its business development at a sustained pace.
7 November 2023 - H1 2023/24 revenue (after close of trading)
5 December 2023 - H1 2023/24 results (after close of trading)
Find more at www.abeo-bourse.com
|ABEO is a major player in the sports and leisure market. The Group posted turnover of € 238.8 million for the year ended 31 March 2023, 74% of which was generated outside France, and has 1,446 employees.
ABEO is a designer, manufacturer and distributor of sports and leisure equipment. It also provides assistance in implementing projects to professional customers in the following sectors: specialised sports halls and clubs, leisure centres, education, local authorities, construction professionals, etc.
ABEO has a unique global offering, and operates in a wide variety of market segments, including gymnastics apparatus and landing mats, team sports equipment, physical education, climbing walls, leisure equipment and changing room fittings. The Group has a portfolio of strong brands which partner sports federations and are featured at major sporting events, including the Olympic Games.
ABEO (ISIN code: FR0013185857, ABEO) is listed on Euronext Paris – Compartment C.
For any questions relating to this press release or the ABEO Group, please contact ACTUS finance & communication
Investor relations – Corinne Puissant [email protected] Tel: +33 (0)1 53 67 36 77
Press relations – Serena Boni [email protected] Tel: +33 (0)4 72 18 04 92