Shandong Ruyi Holding Group SMCP Multi Brand Sales In The First Quarter Are Double-Digit Growth.

Stimulated by the rising consumer demand in China and the United States, Shandong Ruyi holding France

Group SMCP (Sandro, Maje, Claudie Pierlot and other clothing brand parent company) sales in the first quarter increased by 12% over the same period last year.

The key financial data for SMCP in the first quarter of March 31st were as follows: 2018:

Sales of 252 million euros, an increase of 12% over the same period, excluding exchange rate effect, an increase of 15.8% over the same period last year.

Excluding the impact of exchange rate, international market sales increased by 27.9% over the same period last year.

All brands achieved two digit growth.

CEO Daniel Lalonde of the group says it is expected that the negative impact of exchange rate fluctuations will fade in the next quarter.

"We are very satisfied with the strong start this year, especially in Asia and the Americas," he said.

In the first quarter, the performance of SMCP in various markets is as follows:

Sales in the French market stood at 99 million 800 thousand euros, an increase of 0.7% over the same period last year, excluding exchange rate growth of 0.7% over the same period last year.

Sales in Europe, Middle East and Africa outside France were 71 million 900 thousand euros, an increase of 11.5% over the same period last year, excluding exchange rate growth of 13.3%.

Sales in the Americas market were 29 million 300 thousand euros, an increase of 12.9% over the same period last year, excluding exchange rate growth of 29.5%.

Sales in the Asia Pacific region stood at 51 million euros, an increase of 42.8% over the same period last year, excluding exchange rate growth of 54.1%.

Lalonde said that although the first quarter of the group encountered many adverse factors such as the cold weather in France,

The share continued to grow.

Tourism consumption in Europe has declined due to the strength of the euro, but the consumption of Asian tourists in other popular tourist cities such as Hongkong has increased.

In addition to the increase in tourist consumption, the accelerated growth of digital channel sales is also one of the reasons for the excellent performance in Asia.

In the first quarter, the performance of SMCP's brands was as follows:

Sandro has opened 45 new sales outlets in the past year, with constant exchange rate, sales increased by 15.9% year-on-year, including accessories and Flames series.

Sales performance is the main driving force for growth.

Maje has opened 37 sales outlets in the past year, with fixed exchange rate, sales grew by 16% over the same period last year, and digital business will continue to expand in the future.

Claudie Pierlot has opened 15 new sales outlets in the past year, with fixed exchange rate sales up 14.1% over the same period.

The SMCP Group expects sales growth in the 2018 fiscal year to be between 11% and 13%, and the adjusted EBITDA rate will be around 17%.

SMCP successfully landed on the pan European stock exchange in Paris in October 20, 2017, issuing a price of 22 euros per share, becoming the second largest IPO in 2017 in Pan European stock exchange of Paris.

In March this year, SMCP released its first complete financial report.