U10 SA Reports Consolidated Earnings Results for the Second Half and Full Year 2016; Proposes Dividend for the Year 2016, Payable on July 5, 2017
April 11, 2017
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U10 SA reported consolidated earnings results for the second half and full year 2016. For the second half, the company reported sales of €98.930 million, EBITDA of €7.889 million, current operating income of €6.678 million, operating profit of €6.525 million and net income of €4.382 million.
For the year, the company reported sales of €198.613 million against €238.218 million a year ago. EBITDA was €13.443 million against €12.433 million a year ago. Current operating income was €11.712 million against €11.923 million a year ago. Operating profit was €11.033 million against €11.759 million a year ago. Net income was €7.153 million against €7.301 million a year ago. Revenue declined, in line with the plan previously announced, though was of better quality, reflecting U10's focus on profitability.
The Board of Directors will accordingly propose to the general meeting of the shareholders of 15 June a dividend of €0.30 per share with a payment date of 5 July 2017.
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 (80.7% 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 (19.3%): 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 (79.8%), European Union (11.3%) and other (8.9%).
U10 CORP 
