Home » Business » PASSAT – 2020 turnover: 36.29 M EUR – 02/11/2021 – 7:00 a.m.

PASSAT – 2020 turnover: 36.29 M EUR – 02/11/2021 – 7:00 a.m.

Turnover
In M € – IFRS
2020 2019 Variation
France 27,01 27,02
southern Europe 1,65 2,03 -18,8%
USA 7,63 7,72 -1,1%
Total 36,29 36,77 -1,3%

In 2020, Passat achieved a turnover of 36.29 M €, i.e. -1.3% compared to 2019.

At 2nd half-year 2020, the Group’s turnover stands at € 21.83 million compared to € 19.71 million in the 2nd half of 2019, an increase of 10.75%.

Analysis of activity by region

In France (74.4% of the Group’s activity), annual sales are at the same level as for fiscal 2019.
At 2nd half-year, thanks to the good sales performance of our household, DIY and cooking ranges, turnover, up 10.1%, amounted to € 14.46 million compared to € 13.13 million in the 2nd semester 2019.

In Southern Europe (4.5% of sales), the drop in activity is linked to the consequences of the health crisis in the first half of 2020. On the 2nd half-year, sales amounted to € 1.01 million compared to € 0.99 million in the 2nd semester of the previous fiscal year.

In the USA (21.1% of turnover), sales amounted to € 7.63 million, down 1.3%. The 2nd half-year amounted to € 6.36 million compared to € 5.59 million in the second half of 2019. At constant exchange rates, our annual sales are up 3.7%.

Perspectives

Taking into account the overall activity and excluding non-operating items, Passat anticipates a 2020 operating result in line with 2019.
In 2021, in addition to our historical activity for which we will continue our efforts of product innovation and presence on the various distribution channels, our objective is to successfully launch and develop our subsidiary Echelon Fit, whose commercial activity has started in early February 2021.

Next communication: 2020 annual results, April 27, 2021, before market.


The PASSAT group, in short …

Passat is the European leader in image-assisted sales.
The group offers large distribution chains in France real turnkey sales areas (video corners). Thanks to its fleet of video devices, Passat sells consumer products divided into 8 ranges.
The Passat group is made up of: Passat SA (France), Passat Spain, Passat Portugal and Passat USA.

The securities are listed on compartment C by Euronext Paris
Code ISIN : FR0000038465 – Code Bloomberg : PASS FP- Code Reuters : PASS.PA
Find all the financial and corporate news of the Group on: http://www.passat.fr/informations-investisseurs.html

CONTACTS


Jean-Luc AJASSE
Administrative and financial director
01 30 08 24 40
[email protected]

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