U10registered revenue growth of 2% in Q1 2016 for the Home segment.
As previously announced, the Asia division is shifting into markets that will offer higher profitability with the launchof a new subsidiary, U10 Hong-Kong.
Revenue
In Europe, revenue of the Home division rose 2% to €33m in Q1 2016. An analysis of sales points to an outlook for solid growth in 2016.
In Asia, sales declined 31.3% following the discontinuation of part of the basic Trading activity without added value, as announced, in order to improve operating margins. Not yet benefiting from U10 Hong Kong's export sales, revenue came to €14.2m in Q1 2016.
After taking into account Undergarments which accounts for only 10% of total revenue (-7%), sales at the end of March amounted to €52.6m.
Outlook
In response to growing demand by central buying offices and international importers, since January U10 Hong Kong's offering has brought together products of the HOMEAbrand and HomeEuropean collections for export on a direct container basis from Asia.
U10 Hong Kong is currently in avery positive start up phase with the first deliveries at the end of 2016 and on a full-year basis starting in 2017.
U10 expects an excellent year in 2016, with growth in operating profitability and confirms its objective to become a pure player international supplier of home decoration articles.
U10 is a creator, supplier and provider of logistics services in the universe of decoration.
Euroclear: 7914 - ISIN FR0000079147
Contact: Next financial press release:
Patricia Michel - Finance Manager Q2 2016 revenue
Tel: +33 (0)4 37 64 47 85 27 July 2016 after the close of trading
finances@u10.fr
U10 SA published this content on 27 April 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 11 May 2016 08:37:09 UTC.
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As an international distribution provider, U10 Corp is engaged in a value-added generator skill by creating customized products and services lines in the home and personal equipment. The group's offer is based primarily on a positioning in the interior design and home accessories universe, on the form of trendy items adapted according to the seasons and marketed in large quantity in the mass market. The group's first feature lies in the design of range. A range is a line of end products coordinated around a theme, designed for presentation through a self-service corners concept in the distributors' stores. The group's activity is organized around 2 forms:
- Europe division (81.2% of net sales): complementary customized services provision to customers (design of the ranges and conditioning, linear implantation, regular visit of the outlets, etc.);
- Asia division (18.8%): on the international stage, the focus is on the ranges customizing and manufacturers monitoring.
Products are manufactured by subcontractors.
Net sales are distributed geographically as follows: France (79.5%), European Union (12.1%) and other (8.4%).
U10 CORP 
