Etam Q3 sales up 9.6 percent

In the third quarter of 2012, the Etam Group posted sales of 293.3 million euros (382 million dollars),

including a positive currency impact of 12.3 million euros (16 million dollars) mainly related to the appreciation of the yuan against the euro. Sales were up 9.6 percent compared with the third quarter of 2011. Like-for-like and at constant exchange rates, sales increased by 2.4 percent.

Over the first nine months of 2012, the Etam Group generated sales of 885.9 million euros (1155.6 million dollars), including a positive currency impact of 33.8 million euros (44 million dollars) mainly related to the appreciation of the yuan against the euro. Sales were therefore up 3.4 percent compared with the first nine months of 2011. Like-for-like and at constant exchange rates, sales were down 4.6 percent.

In the third quarter of 2012, sales came to 194.7 million euros (253.9 million dollars), up 9.2 percent or 6.7 percent on a like-for-like basis and at constant exchange rates in Europe. Over the first nine months of 2012, sales came to 569.7 million euros (743.1 million dollars), up 2.3 percent and down 1.2 percent on a like-for-like basis and at constant exchange rates.

In the third quarter of 2012, sales in China were 98.6 million euros (128.6 million dollars), up 10.5 percent including a positive currency impact of 12.4 million euros (16.1 million dollars). Like-for-like and at constant exchange rates, sales decreased by 8.6 percent.

Over the first nine months of 2012, sales were up 5.4 percent to 316.2 million euros (412.4 million dollars), including a positive currency impact of 33.9 million euros (44.2 million dollars). Like-for-like and at constant exchange rates, sales were down 12.6 percent.

As of September 30, 2012, the Etam Group had 4,493 sales outlets, including 971 in Europe, 3,320 in China and 202 operated by international franchises. Over the first nine months of 2012 in Europe, the Group has streamlined its store portfolio and expanded its lingerie businesses. In export markets, it opened 15 new franchises mainly in Eastern Europe and the Middle East. In China, the Group has made 34 net openings since January 1, 2012.