Bogart Group Reports Provisional Revenue Results for the Third Quarter and First Nine Months Ended September 2017; Provides Financial Guidance for 2017
November 09, 2017
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Bogart Group reported provisional revenue results for the third quarter and first nine months ended September 2017.
For the quarter, the company reported revenue of 28.2 million against 22 million for the same period of last year.
For the nine months, the company reported revenue of 90.3 million against 74.1 million for the same period of last year.
The group remains confident in its ability to increase revenue and operating income in 2017. Most notably, it expects a return to growth for its Distribution business, driven by its Carven brand and the upcoming launches scheduled through the end of the year, as follows: new Ted Lapidus and Jacques Bogart fragrances, 5 new Jeanne Piaubert skincare products (2 body and 3 face products), and no less than 7 skincare and 17 makeup products for Stendhal. The company also expects strong sales from its network of Boutiques during the fourth quarter of 2017, boosted by Christmas shoppers in France and Germany.
Jacques Bogart SA specialises in the creation, manufacture and marketing of luxury perfumes and cosmetics. Net sales break down by activity as follows:
- Beauty Retail (90.8%): activity ensured through directly-operated perfume chains;
- Fragrances & Cosmetics (9.2%): sale of fragrances (Bogart, Ted Lapidus, Carven and Néo Cologne own brands and Chevignon licensed brand) and cosmetics (Méthode Jeanne Piaubert, Stendhal, April, Close own brands and Cousin.es licensed brand).
With a unique position as manufacturer-distributor in the market, the Group ensures the presence of its brands in over 90 countries, and has a network of 487 directly-owned stores located in France (47), Belgium and Luxembourg (193), Germany (91), Slovakia (69), Israel (44) and Dubai (3).
Net sales are distributed geographically as follows: France (8.9%), Europe (84.6%), Middle East (2.4%), America (2.4%), Asia (1.4%) and Africa (0.3%).
Bogart Group Reports Provisional Revenue Results for the Third Quarter and First Nine Months Ended September 2017; Provides Financial Guidance for 2017