Aix-en-Provence, 2 November 2020 (8.00 a.m.)
HIGHCO SELLS ITS IN-STORE BUSINESSES IN BENELUX AND ACCELERATES ITS DIGITAL TRANSFORMATION
HighCo has introduced the sale of its in-store companies in Benelux to a bunch of Belgian traders from the retail business. The deal has simply closed to promote all shares in HighCo Shelf Service SA (“Shelf Service”), which operates in Belgium, and its subsidiary in Luxembourg.
This disposal is on monitor with the Group’s technique to give attention to two key goals: digitise its companies and improve its information administration. The COVID-19 well being and financial scenario is closely impacting retail and influencing the digital transformations underneath manner. This has introduced main new challenges for manufacturers and retailers.
Given this market surroundings, HighCo is deploying its assets and accelerating its investments in its digital companies. For instance, the Group is enhancing its innovation course of to digitise two key promotional instruments: low cost coupons and flyers.
The deal primarily includes “paper-based” in-store companies. In 2019, the share of Digital in HighCo’s whole enterprise excluding these discontinued operations would have come to 63.9% (56.2% on a reported foundation).
The sale of Shelf Service will subsequently present the chance to divest a subsidiary whose enterprise has been on a structural decline and whose profitability has dropped considerably over the previous a number of years. In 2019, in-store companies in Benelux accounted for €12.5 M in gross revenue, making a barely constructive contribution to consolidated headline PBIT. 2020 gross revenue for these companies is estimated at €10.5 M (down 16.3% in contrast with 2019). At end-September 2020, Shelf Service had 123 staff.
After this sale, HighCo will stay firmly rooted in Benelux by HighCo DATA Benelux, which had 61 staff at end-September 2020. This subsidiary generates greater than 50% of its enterprise in digital actions and can absolutely profit from the Group’s funding in shifting in direction of digital promotion.
Didier Chabassieu, Chairman of the Administration Board, said, “Regardless of the well being and financial local weather, which stays unsure, the sale of our in-store companies in Benelux is a key strategic step for the Group. It confirms our dedication to speed up the digitisation of our companies and improve our funding in our innovation programme, primarily by our retail tech startup studio HighCo Venturi. I’m assured in our workers’s capacity to work with our shoppers in assembly the retail challenges of tomorrow.”
As an professional in information advertising and communication, HighCo repeatedly innovates to work with manufacturers and retailers in assembly the retail challenges of tomorrow.
Listed in compartment C of Euronext Paris, and eligible for SME fairness financial savings plans (“PEA-PME”), HighCo has greater than 600 staff and since 2010 has been included within the Gaia Index, a number of 70 accountable Small and Mid Caps.
Cécile Collina-Hue Cynthia Lerat
Managing Director Press Relations
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This autumn and FY 2020 Gross Revenue: Wednesday, 20 January 2021
HighCo is a part inventory of the indices CAC® Small (CACS), CAC® Mid&Small (CACMS), CAC® All-Tradable (CACT), Euronext® Tech Croissance (FRTPR) and Enternext® PEA-PME 150 (ENPME).
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