ORCHESTRA-PREMAMAN: turnover increases in the first half

Orchestra-Prmaman (+ 3.57% 0.174 euro) posted in the first half of its 2019/2020 fiscal year, a consolidated turnover of 280.9 million euros, an increase of + 0.9% compared to the same period of the previous fiscal year . Lactivit in France, which accounted for 62.3% of first-half sales, rose + 0.8%.In a context of clothing market negatively, the group has decided to reduce its investments as much as possible, which results in a stable park.

In addition, Orchestra-Prmaman has confirmed its strategy of reducing its stock level and is working on the preparation of a backup plan in order to reduce its debt (which can be over a maximum period of 10 years).

The safeguard procedure, suspends pending the establishment of a plan, the payment of debts prior to the opening of the procedure