Inditex recorded net sales growth of 14% in the first quarter of 2017 to €5.6 billion

  • The Group generated over 10,668 new jobs over the year, 2,242 of which were in Spain.
  • In April, the company distributed €42 million among 84,000 employees as phase two of its extraordinary employee profit-sharing plan.
  • In total, between commission, incentives and bonuses, the Group has distributed €535 million to its staff over the past year.
  • The reporting period was marked by strong business performance.
  • Sales growth in constant currency was 12.5%.
  • Net profit rose by 18% to €654 million.
  • Zara’s online platform went live in Malaysia, Thailand, Singapore and Vietnam during the first quarter.
  • Sales in constant currency terms increased by 12% from 1 February to 3 June 2017.

Arteixo, Spain, 2017-Jun-16 — /EPR Retail News/ — Inditex recorded net sales growth of 14% in the first quarter of 2017 (1 February – 30 April) to €5.6 billion, underpinned by a solid business performance. Sales growth in constant-currency terms was 12.5%. Net profit amounted to €654 million, up 18% from the first quarter of 2016.

Job creation

The Group has generated some 10,668 new jobs over the past twelve months, 2,242 of which were in Spain. In April, the company distributed €42 million to around 84,000 employees with at least two years’ service in its stores, manufacturing facilities, logistics platforms, brands and subsidiaries as phase two of its extraordinary employee profit-sharing plan.

The plan is equivalent to a payout of 10% of the annual growth in net profit, which equated to €28 million in 2016. The Group subsequently increased this by a further €14 million.

During the 2015/2016 extraordinary profit-sharing plan, the Group has now distributed €79.4 million to its staff. In addition, the Group has announced a new profit-sharing plan with similar characteristics for 2017/2018.

This €42 million payment comes in addition to the €493 million paid out to the entire workforce in the form of performance-based bonuses and commission in 2016. These combines with the fixed wages, that totalled €3,10 billion in 2016.

Sustainability is the bedrock of this 32,000 square metre facility: the façade features automated features to enhance energy efficiency. Indigenous plants requiring little water have been planted in certain areas and are watered using a system that reuses rainwater. These efficiency measures will reduce energy use by 45% and water use by 30%. In addition, the use of locallysourced recyclable materials and the building’s heating system should qualify the building for LEED Gold certification.Meanwhile, the company continued to invest in growth through the constant modernisation and renewal of its stores and facilities. This investment continues to be framed by social responsibility and environmental criteria. The opening of the new Stradivarius offices in the Vallés area of Cerdanyola (Barcelona) during the quarter stands out as a key moment during the quarter. The brand’s design and central services staff have been moved to the new facility.

The Green Building Council has awarded its LEED Gold certification to Oysho’s headquarters in Tordera during the first quarter.

In addition, in the months of May and June, the company announced plans to build two new logistics hubs over the coming months, one in the Dutch town of Lelystad and the other in A Laracha in Galicia, Spain. These hubs will complement and support the Group’s existing central logistics platforms in Spain. Investment in these new facilities will exceed €150 million.

Growth across all regions

All of the Group’s brands increased their international presence, expanding their integrated physical and online store platforms. Four new e-commerce markets were added during the quarter, with Zara launching online operations in Thailand, Malaysia, Singapore and Vietnam. In parallel, the Group continued to expand and refine its presence in its 93 operating markets, ending the period with 7,385 stores. Zara is due to launch online in India during the second half of the year.

The first quarter was marked by a notable number of flagship store openings. In Madrid, Zara opened a four-storey, 6,000 square metre store at Castellana 79, in the heart of the iconic Azca business and retail district. The new store stands apart for its eco-efficiency credentials, as it has been fitted with the latest innovations which will deliver savings in water and energy consumption of 45% and up 20%, respectively. As a result, it holds LEED Gold certification.

Massimo Dutti opened the doors of a two-storey establishment of over 1,000 metres in central Moscow (Russia) which houses the brand’s men’s, women’s and limited-edition collections. This new flagship store, located on Kuznetsky Most street, combines innovative architectural features with the historic building’s original features.

Zara Home, meanwhile, also opened important new stores, including 600 square metre flagship stores on the busy Bahnhofstrasse in Zurich (Switzerland) and on Kärntner Strasse in Vienna (Austria), the latter located in a building opposite the opera house which has been refurbished to preserve its original aesthetics and structure. In May, this brand also inaugurated a flagship store on Shanghai’s West Nanjing Road (China).

Uterqüe opened a particularly special store on Barcelona’s Paseo de Gracia (Spain), one of the world’s most important shopping streets. The store’s aesthetic is based in Uterqüe’s new store image, which is understated yet sophisticated. It features a vertical garden in the middle of the store which provides freshness and vibrancy.

In May, Zara opened the doors of its new flagship store in the Ismail Building in Mumbay (India). In inaugurating this new store, which boasts a total floor area of around 4,800 square metres, the company’s in-house architectural team conducted extensive research work in order to restore one of the city’s oldest and most emblematic buildings, while introducing all of the eco-efficiency measures being rolled out by the Group in order to deliver energy and water consumption savings of 30% and 50%, respectively, making it a candidate for LEED certification in the process.

Pull&Bear also opened in May its first Parisian flagship store on Rue de Rivoli, just a few metres away from the Louvre Museum, the Notre Dame Cathedral and the George Pompidou Centre. The establishment, which spans 550 square metres, stands out for its imposing neoclassic façade which was decorated with illustrations specially designed for the occasion by American artist Andy Remeter for the first few days after the store’s inauguration.

Oysho, the Inditex Group’s underwear and gymwear brand, opened over a dozen new stores during the quarter and in May it opened its new two-storey, 720 square metre flagship store on Vía Roma, one of the most emblematic streets in Turin’s historic district.

In parallel, the Group continued to expand and/or refurbish some of its most iconic stores. In Paris (France), Zara reopened its emblematic store in the Opera district; the establishment now spans 4,000 square metres in total and presents impressive façades looking on to Boulevard des Capucines and Rue Halevy, opposite the Garnier Opera House.

Paris was also home to the reopening of the Bershka flagship store on Rue de Rivoli, where it has unveiled its new Stage store image and concept in a bigger space in the heart of the French capital.

Stradivarius, meanwhile, reopened the doors of its renovated 900 square metre flagship store on Portal del Angel in Barcelona (Spain). During the reopening, Inditex’s youth brand also commemorated the milestone of reaching 1,000 stores worldwide.

Commercial initiatives

All of the brands launched novel commercial initiatives in early 2017. Massimo Dutti launched #DressedinDutti, a new Instagram initiative which enables shoppers to purchase from the content shared on this social network. For the launch of the new hashtag and web section, the brand used Italian influencer Diletta Bonaiuti as ambassador. #DressedinDutti is available in 13 countries, including Spain, the US, Russia, the UK, Mexico and Italy, among others.

Oysho, meanwhile, extended its support for sporting events. In Lisbon, the brand was responsible for the design and production of the official T-shirt for the local women’s race, Corrida da Mulher, and in Rome it was the Local Major Partner for the Race for the Cure charity run for the third year running. In a new development, this year Oysho organised the official practice runs for both events, which started from the Oysho Galleria Colonna and the Oysho Rua Garret stores in the case of the Rome and Lisbon races, respectively.

Zara also embarked on a range of initiatives, including the Exotic Allure, Blooming and Mustard’s Garden collections and the limited-edition online TRF collection called Oil On Denim.

The world of motorbike racing inspired Pull&Bear once again this quarter with the brand not only announcing its official sponsorship of Marc Márquez and the Honda HRC motor-racing team for 2017 and 2018, but also launching the first collection designed by the rider himself along with the brand’s creative teams. The Marc Márquez x Pull&Bear collection is on sale in a selection of stores around the world and on the brand’s website www.pullandbear.com.

Elsewhere, in order to mark the 56th edition of the Salone Internazionale del Mobile furniture trade fair in Milan, Zara Home presented La Grande Illusione, a pop-up installation in the Piazza San Babila store designed in collaboration with the British set designer and art director Simon Costin.

For this project, the Zara Home team and Simon Costin worked jointly to develop a concept that would bring the brand closer to the world of art and design by means of a spectacular montage in which the brand’s 2017 spring-summer collections take centre stage.

This collaboration was rounded out with the input of another talented British artist: photographer Tim Walker participated in the initiative with a series of six photographs in which the dresses imagined by Simon Costin come to life through his lens.

Stradivarius also had an active start to the year. One of the most noteworthy initiatives was the celebration in May of the third edition of its Summer Expedition, an annual trip which brings a group of international influencers to top destinations, in collaboration with Vueling. Specifically, the brand brought 16 influencers to Marrakesh (Morocco), where it presented its spring/summer 2017 collections and they enjoyed three activity-filled days

Giving back to the community

On the social and environmental responsibility front, the company’s for&from programme attained a new milestone when it opened a new Tempe store in the Sambil Outlet shopping centre in Leganés (Madrid, Spain), which is managed by people with disabilities.

The store has a headcount of 18 people and a floor area of 500 square metres. It sells the shoes and accessories made by Tempe for all of the Group’s brands (Zara, Pull&Bear, Massimo Dutti, Bershka, Stradivarius, Oysho, Zara Home and Uterqüe) and is managed by the Prodis Foundation, an organisation devoted to integrating people with disabilities into the workforce.

With this new addition, Inditex has opened 12 for&from stores, which employ 144 people, in collaboration with specialist charitable organisations.

2Q17 trading update

Sales in constant currency terms increased by 12% from 1 February to 3 June 2017.

Inditex has scheduled its Annual General Meeting for 18 July. The Board of Directors will ask the company’s shareholders to approve the payment of an overall dividend from 2016 profits of €0.68 per share, €0.34 of which was already paid out on 2 May 2017; the balance would be paid on 2 November 2017.

Contact:

Tlf: +34 981 185 400
Fax: +34 981 185 544
comunicacion@inditex.com

Source: Inditex

Delivery Hero reports strong revenue growth in the first quarter of 2017

Berlin, 2017-May-23 — /EPR Retail News/ — Delivery Hero Group (“Delivery Hero”), the leading global online food ordering and delivery marketplace, today reported strong revenue growth in the first quarter of 2017. Revenues nearly doubled to EUR 121 million (Q1 2016: EUR 63 million), corresponding to a growth rate of 93% or 68% on a like for like basis, while order numbers grew by 62% or 46% on a like for like basis.1, 2

Niklas Östberg, CEO of Delivery Hero, said:

“We continued on our growth path at the start of the year while also getting closer to profitability. We have continued to focus on creating an amazing takeaway experience and entered into new partnerships to expand our reach. This puts us in a strong position to maintain growth momentum throughout the year and in the medium term, while continuing to improve our profitability as we reach further scale.”

Group financial developments1:

  • Strong increase in first quarter (Q1) 2017 revenues by 93% to EUR 121 million (Q1 2016: EUR 63 million).
  • Growth across all regions with revenues in Europe growing by 44% (38% like for like2), Middle East & North Africa by 92% (87% like for like2), Asia by 222% (99% like for like2) and Americas by 131% (131% like for like2).

Key developments1:

  • Order numbers grew by 62% to 63 million in Q1 2017 (Q1 2016: 39 million), up 46% on a like for like basis2.
  • GMV8 up by 62% as Delivery Hero processed orders with a total merchandise value of EUR 846 million (Q1 2016: EUR 521 million), up by 49% on a like for like basis2.
  • On 1 April 2017, Delivery Hero announced a strategic partnership with AmRest, the largest publicly listed restaurant operator in Central Europe.
  • On 9 May 2017, Delivery Hero together with Starship Technologies launched robot food delivery in Europe.
  • On 10 May 2017, Lieferheld.de announced its partnership with McDonald’s.
  • Furthermore, in April 2017 Eric Lange, former VP Customer Experience at Indian e-Commerce marketplace Flipkart, became new Chief Product Officer.
  • On 12 May 2017, it was announced that Naspers, a global internet and entertainment group and one of the world’s largest technology investors, is investing EUR 387 million into newly issued and existing Delivery Hero shares and will also be represented with one member on Delivery Hero’s Supervisory Board.

 

Delivery Hero Group – financial results1

Q1 2017 Q1 2016 FY 2016
Group revenues (EUR in million) 121 63 2973
Total segment revenues (EUR in million) 118 62 290
Europe 47 33 141
MENA4 30 15 76
Asia5 32 10 49
Americas6 10 4 25
Total segment order numbers7  (in million) 63 39 171
Europe 17 13 52
MENA4 26 15 70
Asia5 14 7 30
Americas6 6 4 20
Total segment GMV8 (EUR in million) 846 521 2,324
Europe 273 209 851
MENA4 289 171 784
Asia5 205 100 457
Americas6 79 42 232

1 All numbers excluding UK operations (discontinued operations).

2 “Like for like” presents Delivery Hero’s results for the first three months of 2016 as if the acquisition of foodpanda had occurred on 1 January 2016 and excludes contributions from operations reported in discontinued operations as well as orders and GMV from Delivery Hero’s Chinese operations, which were sold in the first half of 2016. No adjustments have been made for Hungerstation (included from July 2016).

3 Group Revenues include total segment revenues and other reconciling items. foodpanda was only acquired on 31 December 2016, accordingly, no revenue contributions from foodpanda are included.

4 MENA: Middle East & North Africa, incl. Turkey

5 Asia: incl. Australia

6 Americas: incl. Canada

7 Order numbers capture the orders made by the end consumers in the presented period.

8 GMV represents the value of goods including value added tax transmitted to restaurants, which is used as basis to assess the commissions.

About Delivery Hero

Delivery Hero is the leading global online food ordering and delivery marketplace with more number one market positions, a larger addressable market and a higher number of orders than any of its competitors and online and mobile platforms across 40+ countries in Europe, the Middle East & North Africa (MENA), Latin America and the Asia-Pacific region. Delivery Hero also operates its own delivery service primarily in 50+ high-density urban areas around the world. The Company is headquartered in Berlin and has over 5,000 employees.

Media Enquiries:

Bodo v. Braunmühl
Head of Corporate Communications, Delivery Hero
+49 (30) 544 45 9090

Source: Delivery Hero

Intershop recorded a strong 26% increase in revenues to EUR 9.1 million in the first quarter of 2017

  • Strategy program “Lighthouse 2020” taking effect
  • Total revenues up 26% to EUR 9.1 million (previous year: EUR 7.3 million)
  • Positive EBIT of EUR 0.2 million (previous year: EUR -1.4 million)
  • Strong increase in cash by EUR 2.2 million
  • Intershop technology achieves top ratings by renowned industry analyst Forrester Research

Jena, Germany, 2017-May-04 — /EPR Retail News/ — Intershop Communications AG (ISIN: DE000A0EPUH1), a leading independent provider of innovative solutions for omni-channel commerce, recorded a strong 26% increase in revenues to EUR 9.1 million in the first quarter of 2017. Revenues of EUR 7.3 million had been generated in the weak prior year quarter. The good performance at the beginning of 2017 is attributable to a positive business trend in all of the Group’s revenue areas.

The strategically important product revenues rose by 49% from EUR 2.7 million to EUR 4.1 million, while service revenues increased by 12% to EUR 5.1 million. Product revenues accounted for 45% of total revenues (previous year: 38%).

While the gross margin climbed from 44% to 49% in the reporting period, operating expenses declined by 7% from EUR 4.6 million to EUR 4.3 million. As announced, the financial scope resulting from the savings was used to develop and implement new market-oriented sales and marketing measures to intensify the cloud and industry focus.

At EUR 0.2 million, Intershop generated moderately positive earnings before interest and taxes (EBIT) in the first quarter of 2017 (previous year: EUR -1.4 million), which is equivalent to an EBIT margin of 2% (previous year: -19%). Operating earnings before interest, taxes, depreciation and amortization (EBITDA) amounted to EUR 0.8 million, compared to EUR -0.8 million in the first quarter of 2016. The result for the period came in at EUR 0.1 million (previous year: EUR -1.5 million), resulting in earnings per share of EUR 0.00 (previous year: EUR -0.05).

At EUR 2.8 million, operating cash flow was clearly positive in the reporting period (previous year: EUR -0.9 million). Cash and cash equivalents rose from EUR 10.9 million at the end of 2016 to EUR 13.1 million as of 31 March 2017. This means that the company has a good financial basis to push ahead with the implementation of the “Lighthouse 2020” roadmap and to remain flexible in its day-to-day business. The Intershop Group’s equity ratio stayed at a comfortable level of 58% (31 December 2016: 59%).

Says Dr. Jochen Wiechen, CEO of Intershop Communications AG: “During the first three months we have laid a solid foundation to achieve the objectives we have set ourselves for 2017 as the year progresses. Moreover, the results show that the measures implemented in the context of the “Lighthouse 2020” strategy program are successively taking effect. We must now continue these positive developments. We are additionally benefiting from the latest analyses conducted by Forrester Research on the market for e-commerce platforms. We were again able to position ourselves as a leading supplier in both the B2B and the B2C segment. This success will help us very much in targeting new customers. Moreover, the analyst assessments will strengthen the relationships with our customers and increase our partners’ confidence in our solutions, as they objectively document our technological leadership.”

Intershop has confirmed its forecast for the full year 2017 and continues to project moderately higher revenues and balanced earnings before interest and taxes (EBIT).

The interim report on the first three months of 2017 is available for download at http://www.intershop.com/investors-financial-reports.

About Intershop

Intershop Communications AG (founded in Germany 1992; Prime Standard: ISH2) is the leading independent provider of omni-channel commerce solutions. Intershop offers high-performance packaged software for internet sales, complemented by all necessary services. Intershop also acts as a business process outsourcing provider, covering all aspects of online retailing up to fulfillment. Around the globe more than 300 enterprise customers, including HP, BMW, Würth, and Deutsche Telekom run Intershop solutions. Intershop is headquartered in Jena, Germany, and has offices in the United States, Europe, Australia, and China. More information about Intershop can be found online at www.intershop.com.

This news release contains forward-looking statements regarding future events or the future financial and operational performance of Intershop. Actual events or performance may differ materially from those contained or implied in such forward-looking statements. Risks and uncertainties that could lead to such difference could include, among other things: Intershop’s limited operating history, the unpredictability of future revenues and expenses and potential fluctuations in revenues and operating results, significant dependence on large single customer deals, consumer trends, the level of competition, seasonality, risks related to electronic security, possible governmental regulation, and general economic conditions.

Contact:
Intershop Public Relations
HEIDE RAUSCH
Head of Corporate Communication
Phone: +49 3641 50-1000
Fax: +49 3641 50-1309
mailto: pr@intershop.de

Source: Intershop Communications AG

Sunoco LP declares quarterly distribution of $0.8255 per common unit for the first quarter of 2017

DALLAS, 2017-May-01 — /EPR Retail News/ — Sunoco LP (NYSE: SUN) (“SUN”) announced that the Board of Directors of its general partner declared a quarterly distribution for the first quarter of 2017 of $0.8255 per common unit, which corresponds to $3.3020 per common unit on an annualized basis.  The first quarter distribution is unchanged from the fourth quarter 2016 distribution and reflects a 1.0 percent increase compared to the distribution for the first quarter of 2016.  The distribution will be paid on May 16, 2017 to common unitholders of record on May 9, 2017.

SUN will release its first quarter 2017 financial and operating results after the market closes on Wednesday, May 3. In conjunction with the news release, management will hold a conference call on Thursday, May 4, at 9:30 a.m. Central Time (10:30 a.m. Eastern Time) to discuss SUN’s results.

By Phone: Dial 201-389-0877 at least 10 minutes before the call. A replay will be available through May 18 by dialing 201-612-7415 and using the conference ID 13661024#.

By Webcast: Connect to the webcast via the Events and Presentations pages of SUN’s Investor Relations website at www.SunocoLP.com. Please log in at least 10 minutes in advance to register and download any necessary software.  A replay will be available shortly after the call.

About Sunoco LP

Sunoco LP (NYSE: SUN) is a master limited partnership that operates approximately 1,345 convenience stores and retail fuel sites and distributes motor fuel to approximately 7,845 convenience stores, independent dealers, commercial customers and distributors located in 30 states. Our parent — Energy Transfer Equity, L.P. (NYSE: ETE) — owns SUN’s general partner and incentive distribution rights.

Qualified Notice

This release is intended to be a qualified notice under Treasury Regulation Section 1.1446-4(b). Brokers and nominees should treat 100 percent of SUN’s distributions to non-U.S. investors as being attributable to income that is effectively connected with a United States trade or business. Accordingly, SUN’s distributions to non-U.S. investors are subject to federal income tax withholding at the highest applicable effective tax rate.

Contacts:

Scott Grischow
Senior Director – Investor Relations and Treasury
(214) 840-5660
scott.grischow@sunoco.com

Patrick Graham
Senior Analyst – Investor Relations and Finance
(214) 840-5678
patrick.graham@sunoco.com

SOURCE: Sunoco LP