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Toupargel H1 Sales Down on Horsemeat Scandal

Source: Toupargel Groupe SA
26/07/2013

26 July 2013 - The Toupargel Groupe SA Board of Directors met on 24 July 2013 to approve the interim financial statements on the basis of IFRS for the period from 1 January to 30 June 2013.

The interim financial statements have been subject to a limited review by the Statutory Auditors.

Key figures

  • Q2 2013 sales totaled €71.4 million, down 10.0% compared with Q2 2012.
  • Over all of H1 2013, sales were down 10.8% to €145.6 million.
  • The €17.6 million decline resulted from a calendar effect, as there were three fewer selling days than in H1 2012, the horsemeat scandal, lower new customer creation and a delay in marketing campaigns on the e-commerce website.
  • The recessionary economic conditions and unfavourable spring weather also weighed down performance in the first half of the year.
2013

2012

Change

1st quarter

74.1

83.9

-11.6%

2nd quarter

71.4

79.4

-10.0%

1st half

145.6

163.2

-10.8%



 

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