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+--- Thread: Devialet could go public - bad or good? (/Thread-Devialet-could-go-public-bad-or-good)
Devialet could go public - bad or good? - mirekti - 28-Feb-2015
http://videos.lesechos.fr/news/invite-des-echos/quentin-sannie-devialet-sera-introduit-en-bourse-a-l-horizon-2017-4083646291001.html#
RE: Devialet could go public - bad or good? - Jnan_devi - 01-Mar-2015
This is personal (too narrow opinion), it is good as many speakers will be SAM profiled.
Quality - Corporate world is nasty its all about $$
Passion - driven by $$ first ?
Customer support - gets into a call centers with cold responses
Is there a English version of the interview ?
Devialet could go public - bad or good? - mirekti - 01-Mar-2015
I wish it is. I can only partially understand French, and more when reading than listening.
RE: Devialet could go public - bad or good? - GuillaumeB - 01-Mar-2015
(01-Mar-2015, 05:37)mirekti Wrote: I wish it is. I can only partially understand French, and more when reading than listening.
Just to summarise for those that don't speak French...
The interview is conducted by Les Echos a French business daily and focusses on Devialet's business model and plans.
1) They don't really consider themselves a traditional hi-fi company but rather a (high-tech) technology company focussing on audio
2) Their mission (or vocation) is to bring the ADH innovation to the masses, and Phantom is the first stage in this
3) 25M Euros were invested in developing the Phantom platform!
4) It is anticipated that Phantom will increase Devialet's turnover by between 4 and 8 times, with current turnover standing at 10M Euros
5) Currently production capacity is at 150 units a week, this will ramp up to 1k in a few weeks and then 2-4k a week by the end of 2015 (yes you read that correctly!).
6) Currently 2-300 orders a week for Phantom are bering received, so there is a backlog
7) They have enough production capacity for 150k orders per annum (wow I did the maths on this, assuming 800 euros per unit goes to Devialet that's 120M Euros!).
8) All production and R&D is in France and will remain there
9) They expect that there may be more rounds of financing required, in particular to fund the expansion of a global retail network, and a stock market listing is expected for 2017/18
10) the pressure inside the Phantom is 176 dB the equivalent of a rocket taking off!
A few other interesting things were mentioned but these are the key takeaway points.
Guillaume
RE: Devialet could go public - bad or good? - Confused - 01-Mar-2015
Not much mention of the "Expert" range then?
RE: Devialet could go public - bad or good? - wwm - 01-Mar-2015
Thanks Guillaum for your very helpful summary.
Cheers,
Bill.
RE: Devialet could go public - bad or good? - IanG-UK - 01-Mar-2015
(01-Mar-2015, 20:28)wwm Wrote: Thanks Guillaum for your very helpful summary.
Cheers,
Bill.
Agreed!
RE: Devialet could go public - bad or good? - Mikeeo - 02-Mar-2015
Yes, thanks G for the summary! Going public, well if they want to expand they need to fill up with liquidity and going through an IPO is one way or partner with some else another. For the fun of it, I will for sure get 1 share when they'll be listed.
Expert line doesn't seem to get more attention, though I hope I am wrong.
/Mike
RE: Devialet could go public - bad or good? - Jnan_devi - 02-Mar-2015
(01-Mar-2015, 23:16)IanG-UK Wrote:Same Here!. that was wonderful to read out. Very Well captured.(01-Mar-2015, 20:28)wwm Wrote: Thanks Guillaum for your very helpful summary.
Cheers,
Bill.
Agreed!
Guillaum - Did they also spoke on the investment on the software team etc.