Microsoft Word - U10 résultats semestriels 2015_EN V1 TJ rw U10

Lyon, 2 September 2015

2015 first-half - Current operating income: €4.1m

(€ thousands)

30/06/2015

% of sales

30/06/2014

% of sales

Revenue

113,477

103,408

EBITDA ('Earnings before Interest, Tax, Depreciation and Amortization') = Current operating income before provisions, amortisation and depreciation

4,619

4.1%

7,004

6.8%

Current operating income (EBIT)

4,108

3.6%

6,166

6.0%

Consolidated net income

2,460

2.2%

3,781

3.7%

Net income attributable to the Group

2,088

1.8%

3,643

3.5%

Accounts approved by the Board of Directors on 2 September 2015 and subject to a limited review by the statutory auditors.

U10 had a very good first half with 9.7% growth in sales reaching €113.5 million for the period. Operating highlights

Current operating income for the period amounted to €4.1 million compared to €6.2 million at
30 June 2014.
As announced at the end of July, operating results were adversely impacted by the US dollar's sharp drop versus the euro at the very time rate changes were being made and before the implementation of normal hedging tools.
The important volume of purchases including US$68 million, with a dollar exchange rate 20%

higher, generated a decline of only €2 million in current operating income.

Even though this significant foreign exchange impact was well-managed, U10 decided to adopt an even more conservative approach to managing the US dollar by adjusting its hedging calendar going forward.

Financial highlights Working capital requirements remained stable at27.5% of sales compared to 28% at 30 June 2014.

Financial debt declined €1 million in the first half to €27 million.

Outlook

U10 remains fully confident in its current development, bolstered by a growing order book to date.
The new logistics building with 18,000 m2for the Home Textiles business will be delivered in April
2016.
The payment date for the dividend of €0.21 per share is 14 September (ex-dividend date of 10
September).

A designer, trader, logistician in the universe of home textiles and decoration, U10 is a supplier for the international retail industry.

Euroclear: 7914 - ISIN FR0000079147

Contact: Next financial press release:Patricia Michel - Finance Manager2015 third-quarter sales

Tel: +33 (0)4 37 64 47 85 28 October 2015 after the close of trading

finances@u10.fr

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