PR Newswire/Les Echos/
- Press release -
2009 9-month sales up by 1.0%
Classified Ads increased by 3.8%
Real estate market FY 2009 targets confirmed Record-breaking audience in
stabilising September 2009
Paris, 3 November 2009 - Consolidated sales for the first 9 months stand at
EUR54.0m (+1.0%).
(All figures are based on a comparison with the same period in 2008, unless
otherwise stated)
Revenues (EUR'000) As at 30th As at 30th
September September Change
2009 2008
Classified ads 41,938 40,391 1,547 3.8%
- Paris area 20,005 20,094 -90 -0.4%
- Regions 21,934 20,297 1,637 +8.1%
Online advertising
and partnerships 2,650 2,483 167 +6.7%
Direct services to
internet users 1,021 1,008 13 +1.3%
Total classified ads
and media 45,609 43,882 1,727 +3.9%
Services: agency
website design and
listing 3,851 4,985 -1,134 -22.7%
Real estate software
Périclès 4,566 4,649 -83 -1.8%
TOTAL revenues 54,027 53,515 512 +1.0%
" Along with other sectors of the economy, the real estate market has
experienced a crisis unlike any other in recent times, which has heavily
affected real estate agents. Since the month of September, transaction levels in
old property have stabilised and the drop in transaction prices is slowing down.
The 1.0% growth in revenues over the first 9 months of the year 2009 mirrors
this market condition, and explains the refocusing of real estate agent
communication budgets towards the most efficient Internet supports. Today we are
witnessing a point of inflection in the real estate market. For the current
financial year, we reiterate our aim to reach the upper range of our estimations
" declares Roland Tripard, CEO of the Group SeLoger.com.
The main visibility indicators in terms of Internet traffic remain favourable.
In September 2009, the Group reaches for the first time the historic level of
3.0 million monthly unique visitors.
September 09 September 08 Change
Number of ads 2,292,000 2,356,000 -3%
Number of unique visitors* 3,137,000 2,535,000 24%
Number of visits 12,483,000 10,956,000 14%
Number of pages viewed 162,141,000 135,4550,00 20%
Source: Google Analytics and * :Mediamétrie // NetRatings
Internet traffic growth is one of the pillars of our development strategy. The
number and the quality of visitors to our websites constitute a precondition to
winning new clients.
The first effects of launching the new www.seloger.com website at the end of
September are positive. Users have welcomed the new functions of the search
engine. In-house tools for internal statistics show a slight increase in the
number of pages viewed with hardly any decrease in viewing time despite a more
fluid navigation tool. Furthermore, the SeLoger on iPhone application, launched
less than two months ago, is approaching the mark of 120 000 downloads. The
Group thus confirms its status as a leader in innovation. Prior to generalised
access to Internet mobile, the Group assures an increased audience on its
portal.
- Classified Ads and Media revenues for the first nine months of 2009 record an
increase of 3.9% to EUR45.6m and of 2.7 % on a like-for-like basis (excluding
the consolidation of Belles Demeures).
Classified Ads mark an increase of 8.1% in the regions over the whole period and
remain stable in the Paris area.
These figures reflect a net loss of 48 clients over the third quarter 2009 (-11
in the Paris area and -47 in the regions) and the stability of the average
monthly national basket at EUR332 at the end of September 2009. (EUR413 in the
Paris area and EUR286 in the regions). The erosion in the average basket in the
Paris area in September 2009 should be analysed with caution since the figure
for a single month cannot be representative of the whole year.
Sept-09 June-09 March-09 Dec-08 Sept-08
Paris area
Number of customers 4,357 4,368 4,350 4,385 4,521
ARPC in Euros 413 421 417 408 408
Number on points of sales 5,302 5,385 5,296 5,421 5,937
Regions
Number of customers 7,571 7,618 7,588 7,644 7,961
ARPC in Euros 286 281 276 277 273
Number on points of sales 10,844 10,996 10,698 10,667 11,850
TOTAL
Number of customers 11,928 11,986 11,938 12,029 12,482
ARPC in Euros 332 332 328 325 322
Number on points of sales 16,141 16,381 15,994 16,088 17,787
- On-line Advertising and Partnerships have increased by 6.7% over the period.
As announced, this activity expanded during the third quarter 2009 (+37.7%).
Within the lack-lustre market of Internet advertising, the Group offers,
generally based on efficiency (notably payment per click) continue to attract
advertisers.
- Website Design and Listing: following a 12-month overhaul of the services
billing system, these revenues increased by 5.1% during the third quarter 2009.
This inflection illustrates the soundness of the decision taken one year ago.
Clients accept to commit themselves to a contract by tacit renewal providing
service payments are spread across the total period.
- The 1.8% decrease of Périclès real estate software is ascribable to the near
absence of new real estate agencies, its main source of new clients.
Furthermore, the software activity requires a longer sales process than
classified ads because it has greater impact on the daily management of
agencies.
2009 Year Outlook
Considering the current market conditions, the Group fully confirms its capacity
to place itself towards the top level of its 2009 targets, i.e. revenues ranging
between EUR70m and EUR73m with Ebitda* of between EUR35m and EUR37m.
Roland Tripard, CEO of the Group SeLoger.com concludes " the real estate market
appears to be reaching its lowest point in terms of transaction volumes.
Nevertheless, following several months of slight activity, we remain watch ful
of our client cash positions.
The successful transition to recurrent subscription for most of our services
will help to insure future revenues. New products like Flash Agence and
Expertise.net are receiving a favourable response; over 5% of Périclès clients
were subscribers to one of these services in September 2009 against less than 2%
in January 2009. The success of our new website, www.seloger.com and the iPhone
application illustrates our determination to win over new audience. I wish to
pay tribute to the collective efforts of each person in the Group in
successfully conducting different assignments, and I know that this dynamic will
be pursued in 2010. I am convinced that we are favourably positioned to benefit
from the market recovery".
Consolidated sales for the third quarter 2009
Revenues (EUR'000) Q3-2009 Q3-2009 Change
Classified ads 14,320 14,750 -2.9%
- Paris area 6,716 7,595 -11.6%
- Regions 7,604 7,155 +6.3%
Online advertising and partnerships 1,021 741 +37.7%
Direct services to internet users 397 395 +0.5%
Total classified ads and media 15,738 15,887 -0.9%
Services: agency website design and
listing 1,312 1,248 +5.1%
Real estate software Périclès 1,501 1,603 -6.3%
TOTAL revenues 18,551 18,737 -1.0%
Revenues (EUR'000) Q2-2009 Q1-2009 Q2-2008 Q1-2008
Classified ads 14,034 13,562 13,357 12,271
- Paris area 6,764 6,520 6,488 6,013
- Regions 7,270 7,064 6,870 6,258
Online advertising and partnerships 878 833 1,015 726
Direct services to internet users 331 294 292 295
Total classified ads and media 15,243 14,689 14,665 13,292
Services: agency website design and
listing 1,280 1,226 1,904 1,832
Real estate software Périclès 1,517 1,598 1,562 1,484
TOTAL revenues 18,039 17,513 18,131 16,609
Third quarter 2009 sales show a 1.0% decrease on a consolidated basis with a
11.6% decrease for classified ads in the Paris area. This decrease mainly comes
from allocation terms of the revenues or from non recurring items.
Coming event:
Fourth Quarter 2009 Sales Figures
27 January 2010 (After market closing)
* : Ebitda: Earnings before interests, tax, depreciation and amortization.
About SeLoger.com
The SeLoger.com group is France's leading online real estate player, with
websites and services aimed at internet users and real estate professionals.
It has become France's benchmark online marketplace for real estate classified
ads with several leading sites www.seloger.com, www.immostreet.com,
www.bellesdemeures.com and www.agorabiz.com. The group is also the leading
provider in France for real estate transactions software solutions with
Périclès.
The group gives internet users access to France's most extensive range of
classified real estate ads, with more than 2.2 million ads. It also gives real
estate professionals the largest platform in the market, with an audience
consisting of more than 3.0 million unique visitors spending an average time of
more than 20 minutes (source: Mediametrie//Netratings September 2009).
SeLoger.com's business model is based on innovative services dedicated to real
estate professionals. The company plans to maintain its growth strategy, which
focuses on four main areas:
- continuing to add new estate agent customers, in both Paris and the
Regions;
- improving its range of products and dedicated services for all types of real
estate professionals;
- introducing innovative new services for individuals planning a real estate
transaction;
- making selective acquisitions.
SeLoger.com has been listed on Euronext Paris (compartment B) since
30 November 2006 and is part of the following indexes: SBF 250, CAC SMALL 90,
CAT IT and Euronext 100.
ISIN code: FR0010294595
Contacts SeLoger.com
Investor relations: Laurence Bégonin Maury
+33 1 53 38 29 00
[email protected]
Corporate communication: Karine Reffet
[email protected]
www.groupe-seloger.com
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