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Significant improvement of profitability


Benefitting from the effects of the improvement in the product mix, a better allocation of Sales & Marketing cost resources and an operating cost structure under control, EBITDA totaled €8.5 million, up +46.6% on the figure of €5.8 million recorded in 2009/10. The EBITDA margin was 10.2%.

Once net provisions and depreciations, which were down on the previous year, are taken into account, operating profit was up +67.2% at €7.7 million. The operating margin was thus 9.2% in 2010/11, versus 6.1% in 2009/10.

All in all, attributable net profit increased by +€4.3 million over the year, with a net margin of 6.5% for the financial year to January 2011 versus 1.6% the previous year. 

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