(21-Feb-2017, 23:39)PhilP Wrote: [ -> ] (21-Feb-2017, 16:17)LGuillaumeB Wrote: [ -> ]Well 40k Phantom units have been sold so far and another 50k expected this year alone. Turnover is doubling every year. Already at 60M euros in 2016 Devialet is quite a bit bigger than most (if not all?) other hi-fi companies. People are obviously buying the Phantoms in droves.
In comparison:
Naim Audio Limited had a turnover of £25.3m in 2015.
Focal+Naim together reportedly turned over €60M in 2014 when they were taken over by Naxicap.
Linn Audio - £18M in 2015
B&W - £115M in 2015
Well that puts a lot of context on the finances!
For more perspective - Apple, Q1 2017:
-Revenue of $78.351bn
-Net income (profit) of $17.891bn
Well, won't be long before Devialet reach Apple's figures......
(22-Feb-2017, 09:05)Hifi_swlon Wrote: [ -> ]For more perspective - Apple, Q1 2017:
-Revenue of $78.351bn
-Net income (profit) of $17.891bn
Well, won't be long before Devialet reach Apple's figures......
Actually Bose would be a good first milestone:
http://www.forbes.com/companies/bose/
11,700 employees and $3.5 Billion in revenues!
Wow I never realised they were quite so big.
Guillaume
Nor did I, that's huge.
Let's just hope if Devialet get there, they won't have similar products and reputation at that point.
My fear - not just for Devialet but for any growing company with shareholders and venture capital - is that rich people are generally only interested in money, whereas founders of companies generally have real passion for products. The money people almost always win.
Interesting to see these numbers appear in one place and, were it pertinent, one could do more work to look at volumes and margins and costs - which probably differ significantly across this industry as have exchange rates pre and post Brexit. But working on the basis that Apple's PBT of around 20% of sales is indicative of the industry generally regardless of size, maturity or subsector one arrives at these annual indicative PBT figures in $m:
Apple 70,000
Bose 700
B&W 30
Devialet 15
Linn 5
On the upside, if Devialet grows as big as Apple while remaining as undisciplined as they are now just imagine all the information which will leak out to the rumor sites. Maybe that's the "improved communication" they promised.