Financial Results for Q4 2008/2009 May 2009 – July 2009
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Financial Results for Q4 2008/2009 May 2009 – July 2009 15 September 2009 Reducing costs by increasing efficiency of use of the company's potential
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Financial Results for Q4 2008/2009 May 2009 – July 2009. Reducing costs by increasing efficiency of use of the company's potential. 15 September 2009. GROUP IN QUARTER 4 OF 2008/2009 Period from 1 May 2009 to 31 July 2009. - PowerPoint PPT Presentation
Transcript of Financial Results for Q4 2008/2009 May 2009 – July 2009
Financial Resultsfor Q4 2008/2009
May 2009 – July 2009
15 September 2009
Reducing costsby increasing efficiency of use
of the company's potential
ACTION Group's consolidated net result amounted to a profit of PLN 5.7 MM. ACTION S.A.'s individual result included a profit of PLN 10.5 MM.
Further reduction of the Group's operating costs: an over 22% cost cut compared to comparable period of FY 2007/2008
Expanding business with BenQ, Indesit, Aristo and Hitachi Europe as well as including office products and FMCG in the offer of Office Products Division
Completion of minor tender obligations to Kompania Węglowa and Totalizator Sportowy
Acquisition of majority stake in Gram.pl, a portal with more than 600,000 returning users and over 6.5 million page impressions per month
Reporting year 2008/2009 will include 17 months: in 2010 the reporting periods will become aligned with the calendar year
GROUP IN QUARTER 4 OF 2008/2009 Period from 1 May 2009 to 31 July 2009
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PRIZES AND AWARDS
Consumer's Golden Laurel (Złoty Laur Klienta) awarded to ActiveJet consumables
IT Reseller recognised ActiveJet consumables as most popular substitute products of that kind on the market
Transparent Business Certificate received
ActiveJet received a Brand Leader Silver Quality Mark (Lider Marki - Srebrna Odznaka Jakości)
Actina Sierra, the first family of Polish PCs, earned a certificate of full compatibility with Microsoft's Windows 7 operating system
HP granted its Preffered Partner GOLD to Action, confirming its compliance with requirements HP Authorisation 2010
GROUP IN QUARTER 4 OF 2008/2009 Period from 1 May 2009 to 31 July 2009
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FINANCIAL RESULTS IN QUARTER 4Period from 1 May 2009 to 31 July 2009
Sales revenue (PLN M)
Compared to Q4 2007/2008, sales revenue decreased by 26.1%
Distribution revenue decreased by 5.2% (excl. tenders)
Compared to Q4 2007/2008, gross margin increased by 0.3%
Gross margin (%)
582 047
430 233
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FINANCIAL RESULTS IN QUARTER 4Period from 1 May 2009 to 31 July 2009
Net profit (PLN M)Operating Profit (PLN M)
Compared to Q1 2006/2008, operating profit decreased by 40.7%
The Group's net profit decreased by 32.9% compared to the same period of the previous
financial year. However, Action S.A.'s individual net profit dropper by 4.0% only.
Q4 2007/2008 Q4 2008/2009Q4 2007/2008 Q4 2008/2009
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DETAILED FINANCIAL INFORMATIONPeriod from 1 May 2009 to 31 July 2009
[in PLN thousand]Quarter 4 2007/2008
Quarter 4 2008/2009 Change
Quarter 1-4 2007/2008
Quarter 1-4 2008/2009 Change
Sales revenue 582,047 430,233 -26.1% 2,343,368 2,161,886 -7.7%
Gross profit on sales 46,943 36,120 -23.1% 185,202 224,760 21.4%
Gross margin on sales 8.1% 8.4% 0.3 PP 7.9% 10.4% 2.5 PP
Cost of sales and marketing 33,092 26,472 -20.0% 114,313 116,668 2.1%
Related to revenue 5.7% 6.2% 0.5 PP 4.9% 5.4% 0.5 PP
General administrative costs 8,421 5,862 -30.4% 36,485 25,522 -30.0%
Related to revenue 1.4% 1.4% 0.0 PP 1.6% 1.2% -0.4 PP
Other revenue and benefits 11,558 712 -93.8% 32,971 9,082 -72.5%
Other costs and losses 3,203 -3,671 -214.6% 10,085 62,055 515.3%
Operating result 13,785 8,169 -40.7% 57,290 29,597 -48.3%
Net financial costs 2,470 1,274 -48.4% 6,176 4,873 -21.1%
Net result 8,479 5,690 -32.9% 33,790 18,532 -45.2%
Net profit margin1.5% 1.3% -0.2 PP 1.4% 0.9% -0.5 PP
DISTRIBUTION ACTIVITY
Number of products offered by ACTION increased to 16,500
Increased number and value of chain customers year-on-year by more than 20%
Average invoice value increased by 22.5%, exceeding PLN 3,300
Number of foreign customers increased year-on-year by 70% with a 140% sales value increase
Turnover on ActiveJet products increased by 23% compared to comparable quarter of FY 2007/2008
Number of customers decreased by 1,000 compared to comparable quarter of 2007/2008
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DETAILED FINANCIAL INFORMATIONPeriod from 1 May 2009 to 31 July 2009
Online Delicatessen A.pl
Increase of the number or orders in Quarter 4 2008/2009 by over 100% compared to Q4 2007/2008
An over 100% increase in number of customers compared to a comparable period of the previous year
Offer expanded by starting co-operation with:
- Winarium Marek Kondrat i Syn wine shop,
- LOT CATERING ready meals supplier, and
- online florist service.
The shop site was also launched under domain delikatesy.gazeta.pl
New gram.pl Project
acquisition of 75% of shares
moving the company's headquarters to ACTION S.A.
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E- COMMERCEPeriod from 1 May 2009 to 31 July 2009
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OBJECTIVES FOR NEXT QUARTERS
Achieving high performance level of the new fulfillment line and redirecting majority of orders to be processed using the new line
Winning new customers to use the full capacity of the dispatching facility
Focus on developing the private brand image and expanding the market range by entering new countries
Ensuring that all companies included in the Capital Group generate positive results next year
Using the potential of the highly dynamic development of e-commerce by:
- expanding the offer with online shops in mind,
- using our dispatching facilities for the needs of online shops.
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THANK YOU
FOR YOUR ATTENTION
Contacts for the press and representatives of the capital market
Anna Bielińska – Corporate Communication Director
Telephone: +48 22 332 16 96, email: [email protected]
Dominika Lenkowska – Martis CONSULTING
Telephone: +48 22 244 57 09, email: [email protected]
