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An interview of Emmanuel Picot, President, Evolis – July 2010

You announced a 31% increase in sales during the first half. Can you tell us about this?

This excellent performance was driven by several factors. First, the efforts made in 2009 began to produce results. We adjusted our sales strategy, inter alia setting up 20 new distributors worldwide. Next, we supported our network with targeted promotional and marketing actions to help it get through these difficult times.
Global activity in our sector began to pick up again in the first half at both Network and Project level.
Lastly, a stronger dollar made us more competitive, especially in Europe.

What is the outlook for the end of the year?

After the successful deployment of a new ERP system at the head office in Angers, we are continuing our restructuring efforts by deploying the ERP system and finalising the implementation of a logistics platform at the subsidiary in Singapore.
We continue to pay close attention to the economic environment. We lack visibility on overall sales volumes in the second half of the year. However, strong H1 results have prompted us to upgrade our sales forecasts for the year to growth of over 18%.

Are the margins improving according to plan?

The cost of the restructuring measures implemented in the first half was absorbed by good commercial results. In the second half, we will continue to mutualise the company's production and structuring costs. We are confident that these combined actions will allow us to improve the operating and net margins compared with 2009.

Useful links

Interview (in French)

E. Picot comments Evolis Q1 2010 activity on France Info.

Click here to download the interview

Financial web conference (in French)

Watch the replay of Evolis latest financial webcast . Emmanuel Picot and Cecile Belanger comment the 2009 results and outlooks for 2010.