ModeLabs S1 2008 results...
S1 Highlights:
- A period devoted to developing mobiles for the luxury market
- Revenue for the 1st half of 2008: €75m, down by -27% but not representative of the Group’s future prospects for growth
- An excellent outlook for 2009 as the strategy focused on luxury brands begins to bear its fruit
During the 1st half of 2008, ModeLabs Group has concentrated its efforts and investment on the luxury segment of telecoms equipment which represents the vector for lasting growth within the Group.
This period will thus have enabled the Group to take a decisive step: the conjunction of our development within the luxury segment and the development of a global selective distribution network are destined to provide us with long-term visibility and an assured level of profitability with effect from 2009.
Our level of activity in 2008 will not be representative of this strategic evolution. ModeLabs nevertheless intends to defend its market positions for its historic role as a telecom products distributor, despite an increasingly competitive and difficult economic environment, whilst at the same time focusing on its future deployment of products within the luxury segment.
Dior Phone:
TAG Heuer Phone:
A very positive outlook for 2009
2008 is the year of the Group’s investment in the luxury segment of the market and we have already had some decisive successes, since our total production quota of Dior and TAG Heuer handsets for 2008 has already been sold before the official commercial launch. They both will be available via a selection of luxury outlets to be opened later in the year.
“These first two launches have also enabled us to structure our luxury product know-how and to accelerate the development cycle that will be required for our future luxury telecom products. The market trend towards increasing demand for outstanding products underscores the pertinence of our new top of the range strategy which will provide us with long-term visibility and lasting profitability. Given the investment required in ModeLabs Manufacture capacity for developing luxury products and the worldwide launch of our first two luxury handsets, the Group expects to
recognise a loss for 2008 as a whole (commencing with an operating loss of the order of -€6.5m for the 1 st
half of the year) which will nevertheless not affect the Group’s financial stability. With our luxury activity at commercial cruising speed worldwide, we remain our objective to renew with a phase of profitable growth starting in 2009”, declared Stéphane Bohbot, the Chairman of ModeLabs’ executive board.
Source: ModeLabs Press Release (pdf)
- A period devoted to developing mobiles for the luxury market
- Revenue for the 1st half of 2008: €75m, down by -27% but not representative of the Group’s future prospects for growth
- An excellent outlook for 2009 as the strategy focused on luxury brands begins to bear its fruit
During the 1st half of 2008, ModeLabs Group has concentrated its efforts and investment on the luxury segment of telecoms equipment which represents the vector for lasting growth within the Group.
This period will thus have enabled the Group to take a decisive step: the conjunction of our development within the luxury segment and the development of a global selective distribution network are destined to provide us with long-term visibility and an assured level of profitability with effect from 2009.
Our level of activity in 2008 will not be representative of this strategic evolution. ModeLabs nevertheless intends to defend its market positions for its historic role as a telecom products distributor, despite an increasingly competitive and difficult economic environment, whilst at the same time focusing on its future deployment of products within the luxury segment.
Dior Phone:
TAG Heuer Phone:
A very positive outlook for 2009
2008 is the year of the Group’s investment in the luxury segment of the market and we have already had some decisive successes, since our total production quota of Dior and TAG Heuer handsets for 2008 has already been sold before the official commercial launch. They both will be available via a selection of luxury outlets to be opened later in the year.
“These first two launches have also enabled us to structure our luxury product know-how and to accelerate the development cycle that will be required for our future luxury telecom products. The market trend towards increasing demand for outstanding products underscores the pertinence of our new top of the range strategy which will provide us with long-term visibility and lasting profitability. Given the investment required in ModeLabs Manufacture capacity for developing luxury products and the worldwide launch of our first two luxury handsets, the Group expects to
recognise a loss for 2008 as a whole (commencing with an operating loss of the order of -€6.5m for the 1 st
half of the year) which will nevertheless not affect the Group’s financial stability. With our luxury activity at commercial cruising speed worldwide, we remain our objective to renew with a phase of profitable growth starting in 2009”, declared Stéphane Bohbot, the Chairman of ModeLabs’ executive board.
Source: ModeLabs Press Release (pdf)
Publicité