PRESS RELEASE
Paris, 27 October 2016 (6 pm)
ADLPartner: 2.2% net sales GROWTH
for the first nine months of 2016
The ADLPartner Group recorded €87.0 million in net sales [1] for the first nine months of 2016, up 2.2% year-on-year. The gross sales volume [2] came to €198.5 million, down 1.3%.
Quarterly business trends
At 30 September | 2016 | 2015 | Change |
Gross sales volume (€ million) | 198.5 | 201.2 | -1.3% |
1st quarter | 68.2 | 69.5 | -2.0% |
2nd quarter | 67.3 | 66.3 | +1.4% |
3rd quarter | 63.1 | 65.3 | -3.5% |
Net sales (€ million) | 87.0 | 85.2 | +2.2% |
1st quarter | 29.8 | 29.4 | +1.1% |
2nd quarter | 29.6 | 27.9 | +5.9% |
3rd quarter | 27.7 | 27.8 | -0.5% |
In the third quarter, the ADLPartner Group optimized its prospecting campaigns, while focusing on its open-ended subscription portfolio, which was virtually stable in France at end-September 2016. Alongside this, marketing services have continued to develop strongly, particularly in Spain. Lastly, the commercial investments in ADLP Assurances, the specialist direct marketing insurance brokerage subsidiary, have continued to move forward with a view to developing a portfolio of contracts that will drive future revenues.
Developments for each region
At 30 September | 2016 | 2015 | Change |
Active open-ended subscriptions (units) | 2,967,688 | 3,006,286 | -1.3% |
France | 2,887,652 | 2,903,001 | -0.5% |
Spain | 80,036 | 103,285 | -22.5% |
Gross sales volume (€ million) | 198.5 | 201.2 | -1.3% |
France | 188.5 | 194.2 | -2.9% |
Spain | 10.0 | 7.0 | +43.5% |
Net sales (€ million) | 87.0 | 85.2 | +2.2% |
France | 79.1 | 80.3 | -1.4% |
Spain | 7.9 | 4.9 | +60.5% |
Change in the product mix
At 30 September | 2016 | 2015 | Change |
Gross sales volume (€ million) | 198.5 | 201.2 | -1.3% |
Open-ended subscriptions | 147.2 | 151.7 | -3.0% |
Fixed-term subscriptions | 25.9 | 28.2 | -8.2% |
Books, merchandise, audio and video | 13.8 | 14.9 | -7.3% |
Other | 11.7 | 6.4 | +81.8% |
Net sales (€ million) | 87.0 | 85.2 | +2.2% |
Open-ended subscriptions | 53.9 | 54.9 | -1.9% |
Fixed-term subscriptions | 10.9 | 12.1 | -9.8% |
Books, merchandise, audio and video | 11.9 | 12.7 | -6.0% |
Other | 10.3 | 5.5 | +87.5% |
The open-ended subscription portfolio has achieved solid sales thanks to ongoing work to optimize its marketing mix. Prospecting campaigns for the fixed-term subscription portfolio and the books, merchandise, audio and video range have been limited, reflected in a reduced contribution by these offers. The strong progress made with other products highlights the sustained growth in BtoB marketing services sold under the ADLPerformance brand and, to a lesser extent, the development of ADLP Assurances.
Outlook
The ADLPartner Group is moving forward with a strategy to create value and capitalize on its marketing expertise in new growth markets. To support the development of its subsidiary ADLP Assurances, the Group is maintaining a level of commercial investments comparable to 2015. This diversification will enable the Group to further strengthen its potential for growth and profitability over the medium and long term.
Next date: 2016 full-year net sales on 26 January 2017 (after close of trading)
ADLPartner in brief
With its extensive track record in performance marketing, ADLPartner designs, markets and implements customer relationship management and loyalty services on its own behalf or for its major partners (banks, retailers, services, e-commerce, etc.) across all distribution channels.
ADLPartner is listed on the regulated market Euronext Paris - Compartment C.
ISIN: FR0000062978-ALP - Bloomberg: ALP:FP - Reuters: ALDP.PA
www.adlpartner.com
CONTACTS
ADLPartner
Investor Relations & Financial Information tel: +33 1 41 58 72 03 relations.investisseurs@adlpartner.fr |
Calyptus
Cyril Combe tel: +33 1 53 65 68 68 adlpartner@calyptus.net |
[1] Net sales (determined in line with the French professional status for subscription sales) only include the amount of remuneration paid by magazine publishers; for subscription sales, net sales therefore correspond to a gross margin, deducting the cost of magazines sold from the amount of sales recorded. For acquisition and management commissions linked to sales of insurance policies, net sales comprise current and future commissions issued, acquired by the accounting reporting date, net of cancellations.
[2] Gross sales volume represents the value of subscriptions and other products sold. It is equal to net sales for the insurance business.