ABEO, a designer of sports and leisure equipment, today announces that its share has been included in three French stock market indices, the CAC Small, CAC® Mid & Small and CAC® All Tradable. This decision taken by the Steering Committee for the Euronext Paris indices (Conseil Scientifique) will take effect from the start of trading on Monday 19 December 2016.
The Committee decided to include the ABEO share in these indices as a result of its quarterly review of their composition and an analysis of share liquidity conducted by Euronext on the basis of two criteria: turnover and free float market capitalisation. Only listed companies with an annual average free-float adjusted turnover velocity of at least 20% are admitted. The achievement of this liquidity criterion is reflective of the strong attraction ABEO has held for investors, even though it has only been trading for a short period.
“Two months after our IPO, we are delighted to see ABEO included in the CAC® indices. This promotion will help to increase our visibility among the financial community and stimulate trading in our share”, Olivier Estèves concluded.
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9 February 2017 after market close Q3 2016/2017 revenue
Translation for information purposes only. In case of discrepancy between the French and English versions, the French version shall prevail.
Read more at www.abeo-bourse.com
ABEO is a major player in the sports and leisure (“sportainment”) market. The Group posted turnover of €148 million for the year ended 31 March 2016, 66% of which was generated outside France, and has around 1,000 employees.
ABEO is a designer, manufacturer and distributor of sports and leisure equipment. It also provides assistance in implementing projects to professional customers in the following sectors: specialised sports halls and clubs, leisure centres, education, local authorities, construction professionals, etc.
ABEO has a unique global offering, and operates in a wide variety of market segments, including gymnastics apparatus and landing mats, team sports equipment, physical education, climbing walls, leisure equipment and locker room fittings. The Group has a portfolio of strong brands which partner sports federations and are featured at major sporting events, including the Olympic Games.
ABEO (ISIN code: FR0011950682, ABEO) is listed on Euronext Paris – Compartment C.
For any questions relating to this press release or the ABEO Group, please contact ACTUS finance & communication: