Market announcement
AS Silvano Fashion Group
LEI code
529900JNG41RRJKJYB65
Size of the entity
Large group
Economic activities
Financial and Insurance Activities
Country of registered office
Estonia
General information
Categories
Other price sensitive information
Unique data record identifier
4435
Submission date and time
04.05.2014 23:55:44
Content of announcement in Estonian
Title
Silvano Fashion Group ühtlustab tarnetingimusi
Message
Tallinn, 2014-05-04 22:55 CEST (GLOBE NEWSWIRE) -- Seoses vajadusega kehtestada kõikidel turgudel ühtsed tarnetingimused, on Silvano Fashion Group viinud läbi müügitingimustes muudatused, mille eesmärgiks on tagada kõikidel tarbijaturgudel Silvano Fashion Group kaubamärkidele ühtne hinnapoliitika. Venemaal rakendus uus hinnapoliitika alates 15. aprillist 2014. Selle tulemusel kehtib partneritele uus baashinnakiri, mis lähtub meie tootmisüksuste väljamüügihinnast. Rakendub ka uus ning ühtne allahindluste poliitika, mis on sõltuvuses klientidele seatud eesmärkide täitmisest, kasvuplaanist, ettemaksu olemasolust ning firmakaupluste standardite jälgimisest. Nende protsessidega seonduvalt on mõned meie edasimüüjad avaldanud kommertslepingute sõlmimise kohta omapoolse seisukoha ajakirjanduse vahendusel (näiteks Äripäev online, 04.05.2014). Silvano Fashion Group omalt poolt avaldab, et tegemist on mõne edasimüüjaga kes üritavad mõjutada ettevõtet avalikkuse kaasamisega paremate tingimuste väljakauplemiseks. Meie hinnangul on klientide mure ennekõike seotud rubla ostujõu vähenemisega 2013. ja 2014 aastal ning keerulisema makromajandusliku olukorraga. Kokkuvõtvalt, nimetatud vaidluse mõju ettevõtte majandustulemustele ei ole märkimisväärne, hetkel on majandustulemuste osas peamine mõju üldises lõpptarbijate ostujõus. Samuti ei ole uudistel mõju meie tootmisettevõtetele Valgevenes ja Lätis, kus tootmisplaanides erilisi muudatusi kavas ei ole. Silvano Fashion Group avalikustab oma 1 kvartali majandustulemused hiljemalt 09. mail 2014.a Märt Meerits juhatuse liige Silvano Fashion Group 6845 000 [email protected]
Content of announcement in English
Title
Silvano Fashion Group evens supply terms
Message
Tallinn, 2014-05-04 22:55 CEST (GLOBE NEWSWIRE) -- Related to the need to even the supply terms on all markets, Silvano Fashion Group has amended the terms of supply. The goal of this is to establish unified pricing policy of all our brands on all consumer markets where Silvano is active. In Russia, the new policy was introduced from April 15, 2014. As a result of this change, a new base price list has been introduced that takes into account the sales prices of our production companies. Also an unified discounts policy shall be applied, that shall take into account the pre-established key performance indicators, sales growth, prepayments and compliance with the franchise standards. Some of our distributors have issued their own view on the conclusion of the commercial agreements via media agencies (i.e. “Äripäev online”, 04.05.2014). Silvano Fashion Group states that such articles are initiated by few distributors who try to influence the company via public with the purpose of receiving better purchasing terms. In our view, the distributors’ real concern is related to the devaluation of the Russian Ruble during 2013 and 2014; and to the complicated macroeconomic environment. In summary, the effect of the dispute to the financial results of the company is not significant. Our results are today dependent on the overall purchasing power of end customers. The disseminated news do not have significant effect on our production companies in Belarus and Latvia, either, the production plans remain unchanged. Silvano Fashion Group issues its Q1 2014 results latest by May 9, 2014. Märt Meerits Member of the board Silvano Fashion Group +372 6845 000 [email protected]