Royal Beach is planning for the current year revenue growth of 12%
In the first three months of fiscal 2012, the Royal Beach GmbH has achieved an excellent quarterly results. The company increased its sales by about 10% of 9.216 million euros in the previous year to 10.179 million €. With the successful U.S. expansion and entry into the LED market is expected to Royal Beach that 2012 will be another good year with further growth in sales and profits. This Royal Beach is right on the very good development in 2011 to connect, as the group sales by 1.3% to 65.257 million euros, operating profit (EBIT) by 28.0% to 3.905 million Euround net income (after taxes) 64 ., 7% to 1.166 million euros have risen "Our operating performance is reflected unchanged robust and strong growth - and totally unimpressed by the fact that our corporate bond Unfortunately, until now still could not be placed in the desired extent," says Hans-Jürgen Münch, Founder and CEO of Royal Beach. The Royal Beach Game & Sport Goods Distribution LLC was able to increase according to their recently published audited consolidated financial statements 2011, the equity capital of € 11.446 million to 12.612 million €. Accordingly, the equity ratio rose from 24.0% to 26.1%. Liabilities fell slightly in 2011 by 1.4% to € 34.572 million. Royal Beach is the profits from 2011 complete in the enterprise, to be inferior to the further growth with additional capital. 'The decision we have made totally independently of the success of our corporate bond, and it is consistent with our long-term strategy. All of our strategic plans, such as international expansion and market penetration in emerging markets such as LED or leisure products for all age groups are targeted, safe and sound finances. We are looking only at one point or another for ways to move forward even faster. This can help still located in the placement of corporate bonds as well as other solutions based on our strong balance sheet, "says Hans-Jürgen Münch. The good performance in the first quarter of 2012, as sales rose 10% (of 9.216 million euros in the previous year to 10.179 million €) increased, and the higher than expected orders bestowed Royal Beach is a promising start to the year 2012. Operating profit in the first quarter at € 1.189 million (previous year: € 0.846 million) and is thus increased compared to Q1 2011 by 40%. Sales growth is the result of a stable development in the established product segments as well as significant impetus from the U.S. business and the more recent product areas, such as products for 'Best Agers'. Hans-Jürgen Münch is also pleased to see 'that we in the first quarter of 2012 were able to increase the share of direct business in total sales by 22%. This means that we, as far as our new advanced marketing strategy and brand awareness of Royal Beach, on the right track. " For 2012, Royal Beach plans with sales growth of around 12% to 73.4 million euros. The operating result (EBIT) to € 4.985 million and thus to increase by 32%. The aim of Royal Beach is to improve the operating margin by 5% in 2010 and 6% in 2011 to over 7% this year. 'We are planning conservatively. For 2011 we have achieved no sales in the LED business, "says Hans-Jürgen Münch. 'The new LED lights are available from autumn 2012 in the trade. In the U.S., our long established co-developed with leading German discount store in this new market better than we even expected.