Etam China'S Earnings Retrogression

At the end of the first quarter, the group had 4084 sales outlets worldwide, 939 in Europe, and 259 in the international franchise business, and the Chinese market had 2886 sales points after 2014 net reduction of 236 loss department stores.

The group will slow down this year.

The closing speed of counters.

The group announced an annual dividend of 0.5 euros per share and a dividend of 0.2 euros per share in the 2013 fiscal year.

Benefit from China's surplus

The smooth cleaning and the improvement of gross profit in European clothing sales, French underwear and

The net profit of the retailer ETAM D veloppement SCA (TAM.PA) 2014 in fiscal year increased by 13.3%, from 21 million 200 thousand euros in fiscal 2013 to 24 million 100 thousand euros, and the diluted earnings per share rose from 2.5 euros to 3.1 euros.

Operating profit was 51 million 700 thousand euros, an increase of 5.4% over the previous year of 49 million euros, and gross margin increased by 110 basis points to 59%, the 57.9% the previous year.

Europe's business grew by 2.5% in the same store, and its revenue grew by 4.3% to 838 million euros, and its operating profit was basically flat at 58 million euros.

China's same store sales dropped sharply in the first nine months after the sharp decline in the first quarter (-9.4%), while the same quarter sales increased by 1.9% year-on-year in the fourth quarter. However, the same store sales in the same quarter still recorded a 3.6% decline, with revenue falling 7.1% to 382 million 400 thousand euros, while operating profit decreased to 9 million 800 thousand euros from 9 million 800 thousand euros in the previous year.

The group's annual revenue increased slightly to 0.4% to 1 billion 220 million 300 thousand euros, and the same store sales increased by 0.7%.

ETAM D e veloppement SCA (TAM.PA) also released the first quarter results for the 2015 fiscal year ended March 31, 2015.

Quarterly earnings were 346 million 100 thousand euros, up 5.9% from the same period a year earlier, and the same store sales increased by 0.9% after excluding exchange rate effects.

Among them, the same store sales in Europe increased by 1.7%, real incomes increased by 5.9% to 346 million 100 thousand euros per annualized year, and China's income increased by 11.7% to 214 million 900 thousand euros due to the weakening of the euro.