Free press releases distribution network?

Agency / Source: ANOVO

Check Ads Availability|e-mail Article

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

ANOVO Announces Quarterly Financial Information for Q1 FY 2010-2011 - Q1 FY 2010-2011 revenue: €86.9m
ANOVO Announces Quarterly Financial Information for Q1 FY 2010-2011


PRZOOM - /newswire/ - Boulogne Billancourt, Hauts-de-Seine, France, 2011/02/10 - Q1 FY 2010-2011 revenue: €86.9m.

Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


ANOVO, the European leader in sustainable product lifecycle management for consumer electronics, announced revenue in line with Group expectations for the start of the fiscal year.
Strong growth from new offerings.

Revenue for the first quarter of FY 2010-2011 (October–December) was €86.9 million compared with €94.1 million one year earlier and €82.8 million in the last quarter of FY 2009-2010, representing sequential growth of 5%. On this basis, ANOVO's commercial performance in the first period of the fiscal year was slightly above budget.
Sales generated by complementary offerings (Logistics, Regeneration and Warranty Extension services) grew 91% in one year to account for 27% of the Group’s first quarter billings.
By region, Northern Europe (United Kingdom and Nordic Countries) was the most affected by difficult market conditions for the core Repair services business accompanied by an unfavourable comparison base from a major contract in the United Kingdom that ended in March 2010. France and South America experienced a marginal decline in sales while in Italy ANOVO showed good resilience. Finally, in Spain the Group benefited from contributions from the businesses of Euroterminal that was consolidated since September 2010.
Operational optimisation and strengthening commercial teams.

Continuing the trend of the second half of the last fiscal year, ANOVO's margins remained under pressure in the FY 2010-2011 first quarter. With broader market pressures on prices still weighing heavily on the Repair business, the measures adopted to optimise operations are consequently justified.
Within the framework of the global Optima program, major capital expenditures were undertaken at the start of the period to achieve lasting improvements in productivity and cost savings by rationalising sourcing at the Group level. These measures will gradually produce results starting in the second half.
At the same time, to gear up for the new strategic drive launched in the fall, ANOVO is in the process of significantly strengthening its commercial teams to provide renewed momentum to core businesses while accelerating the development of new offerings.

Net financial debt under control
At 31 December 2010 gearing (net financial debt to equity) remained under control at a level slightly lower than one year earlier.

Outlook for a period of transition
ANOVO expects FY 2010-2011 to be a period of transition particularly in terms of profitability. Margins in the first half should accordingly mark a temporary low before the positive effects of investments undertaken gradually produce benefits in the six month periods to follow.
Upcoming events: Publication of FY first-half results, 25 May 2011, after the close of trading.

A European leader, for more than 20 years ANOVO ( has provided solutions for sustainable product lifecycle management for consumer electronics. With local manufacturing bases in 11 countries to provide customers with optimal service on site, the Group offers companies and individuals solutions (Repairs, Logistics, Regeneration, Warranty Extension Services) for extending product life cycles, increasing their value and reducing their environmental footprint. Every year ANOVO offers a second life to more than 20 million tech products (smartphones, laptops, triple play set-top boxes, GPS devices, e-readers, touch screen tablets, etc). In FY2009/2010, the Group had revenue of €344 million.

Compartment C of NYSE Euronext Paris Shares - ISIN: FR0010698217; TICKER: NOV, Bloomberg: NOV:FP; Reuters: ANOV.PA
Convertible bonds(OCEANE) - ISIN: FR0000181174; TICKER: YNO

ANOVO Willem Wynaendts Executive Board Member – Finance & Support T: +33 (0)1 58 17 00 70 - E: wwynaendts[.]
ACTUS FINANCE Jérôme Fabreguettes-Leib Investor /Shareholder Relations T: +33 (0)1 77 35 04 36 - E: jfl[.]

Anne-Catherine Bonjour Media Relations T: +33 (0)1 53 67 36 93 E: acbonjour[.]

Your Banner Ad Here instead - Showing along with ALL Articles covering Consumer/Shopping Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


Agency / Source: ANOVO


Availability: All Regions (Including Int'l)


Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker


Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

# # #
  Your Banner Ad showing on ALL
Consumer/Shopping articles,
CATCH Visitors via Your Competitors Announcements!

ANOVO Announces Quarterly Financial Information for Q1 FY 2010-2011

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Contact: Bruno Della Mattia - 
+33(0)1 58 17 00 70 bdellamattia[.]
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any ANOVO securities in any jurisdiction including any other companies listed or named in this release.

Consumer/Shopping via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY

Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Read Latest Press Releases From ANOVO / Company Profile

Read Consumer/Shopping Most Recent Related Press Releases:

GyroPad Introduces the Latest Personal Transportation Product
NCR and Freshub to Showcase Interactive Demos of the Smart Connected Kitchen of the Future at NRF 2017
Leviton Introduces Five New Architectural Edition Powered by JBL® Speakers
Samsung SmartThings and Leviton Manufacturing Co., Inc. Announce Strategic Partnership to Offer Whole House Automation through Distribution Channel
You Design, We Print - Prinfab® Launches An Online Fabric Marketplace
Method Lights Launches the Next Evolution in Picture Lights
Frost and Sullivan Lauds Plantronics for Humanizing the Technical Services Experience
Frost & Sullivan Lauds Friendly Technologies’ Customer-Focused Unified Device and Smart Home Management Solutions
Frost & Sullivan Lauds Welltok, Inc. for Revolutionizing the Population Health Management Space through its Analytics-driven, Incentive-based CaféWell
Frost & Sullivan Commends Hisense for its Strong Product Offerings and Aggressive Expansion Strategies in the Smart TV Market

Boost Your Social Network
& Crowdfunding Campaigns

NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



Visit  MagLar, Inc.


  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution freenewswiredistribution asianewstoday bizwiretoday USA pr UK today