Press release

2017 Full Year Results

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Excellent 2017 results, guidance exceeded. Strong adjusted EBITDA, up +18.6%, with margin reaching 16.8%.

« 2017 has been a tremendous year as we captured outstanding growth across all regions and brands. The Group has demonstrated its ability to deliver on its promises once again.  »

Daniel Lalonde,
CEO SMCP

  • Outstanding sales growth in FY 2017 of +16.0% to €912.4m (+17.5% at constant currency)
  • Adjusted1 EBITDA up +18.6%, reaching 16.8% of sales
  • Continued deleveraging with a net debt/Adjusted 1 EBITDA ratio of 1.9x (vs. 3.1x in December 16)
  • Net income of €44.9 million excluding one-off items (€6.3 million of reported net income)
  • 2018 guidance:
    • Sales growth: between +11% and +13% at constant currency
    • Adjusted1 EBITDA margin: around 17%
  • 2020 mid-term objectives confirmed

2017 Key Figures

912.4

Net sales (€m)

1,332

Points of sale

153.7

Adjusted EBITDA (€m)

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