U10registered sales growth in the 2016 second quarter for the Europe Logistics division of 7%.
The Undergarments activity registered an excellent growth of 20.6%.
In Asia, the discontinuation of basic Trading sales represented a decline of 36.7% in the historic business, whileU10 HK has started to record its first orders.
Revenue
In Europe, all businesses delivered gains in the quarter. Sales for the Home division were up 4.8% in Q2 to €27.4m.
In line with our expectations, the discontinuation of the basic Trading contributed to lower sales that amounted to €14.1m. This division does not yet benefit from U10 HK's export sales.
For the first half, U10 had total sales of €99.4m.
Outlook
The U10 HK offering has combined since January products of the HOMEAbrand and HomeEuropean collections and represents significant potential for export sales by direct containers from Asia to central buying offices and international importers.
As announced in Q1 U10 HKis currently in a very positive start up phase with deliveries recorded at the end of 2016 and on a full-year basis starting in 2017.
The Homebusiness model based entirely on organic growth is on track for sustained development.
Q2 sales confirm the outlook for an excellent performance in 2016 with growth in operating profitability starting in the first half.
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 2016 half year results
Tel: +33 (0)4 37 64 47 85 14 September 2016 after the close of trading
finances@u10.fr
U10 SA published this content on 27 July 2016 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 27 July 2016 18:41:06 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 
