ST Dupont: sales tumble in April-June







 ST Dupont luxury group saw its sales drop by nearly 30% in the first quarter of fiscal offset (April-June), with a decline to 13.1 million, but remains confident in the fact straighten the slope the year.



Registered in the first three months of the year negative trend is expected to gradually fill, "the group said in a statement.

"We hope to make a second half at least as good as last year," said CFO Nicolas Duchemin AFP.
 
The manufacturer of pens and lighters luxury, which diversified in recent years in the leather, was particularly hard hit in Europe but also in Asia, where it generates more than half its sales.

"China has impacted State measures limiting purchases of luxury goods," said ST Dupont.

In Europe, "the lackluster consumer" has resulted both in its own boutiques, corners in department stores which sell the ST Dupont products and within the network of wholesalers group.

"Russia has very few controlled" products this year, notes ST Dupont. Same for Korea, which has weighed on sales.

Furthermore, over the period, the lack of new product launches penalized accounts: launches are planned this year between October and December, a schedule deemed more suitable by the group, suddenly, made fresh to first quarter of the year.

The decline in revenue relates almost as lighters and pens, main division, as leather goods, accessories and ready-to-wear.

Ultimately, ST Dupont doubled its operating loss for the period, to € 1.6 million, and increases to about 20% its net loss to € 1.7 million
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