Friday, March 18, 2016

ARCHOS gaining more than 4% by reducing its annual losses – Le Figaro

(AOF) – Archos (+ 4.19% to 1.99 euros) has one of the highest increases in DTH market in favor of a clear improvement in its annual accounts, even if these remain negative. In 2015, the manufacturer of tablets and smartphones posted a net loss of 2 million euros, divided by 6.5 compared to 2014. The current operating loss is, she rose from € 5.7 million to 1 3 million euro. The group benefited from the declining squeeze its operating costs and the increase in business.

The first fell 4% to 27.4 million euros, representing 17.3% of sales against 21.7% in 2014. Archos cut both its costs of R & amp;. D and its general and administrative costs

at the same time, the annual sales increased 20% to 158.7 million euros, after posting the fourth consecutive quarter of strong growth in revenues. The group benefited from the dynamism of its sales outside Europe, which jumped 43% to 35.8 million.

This year, Archos is a further strong increase in sales, which should reach 200 million. The company intends to accelerate product launches such as the Diamond 2 More recently presented in Barcelona at the Mobile World Congress. The expansion of the range in mobility and signing new strategic contracts in the professional world also will fuel growth.

The group also aims to improve its gross margin as a percentage of sales with a rise in range and an enhanced professional offer. She declined by 1 point to 16.4% in 2015.

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