Board Change • May 20
Less than half of directors are independent No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 5 experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Beatrice Madeleine Lafon was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Duyuru • Mar 30
Spartoo SAS, Annual General Meeting, May 05, 2026 Spartoo SAS, Annual General Meeting, May 05, 2026. Location: 29 rue pierre semard, grenoble France Duyuru • Mar 30
Spartoo SAS, Annual General Meeting, May 06, 2025 Spartoo SAS, Annual General Meeting, May 06, 2025. Location: hotel europole grenoble 29, rue pierre semard, grenoble France Duyuru • Feb 20
Spartoo Announces the Judicial Liquidation of Its Subsidiary TOOSTORES R1 at the Initiative of Its Manager Spartoo announced that at the initiative of its manager, the decision of the Grenoble Commercial Court, by judgment of on February 19, 2025, to open a judicial liquidation procedure for TOOSTORES R1, created in 2015, involving the immediate cessation of activity at its 22 points of sales, including 10 owned stores, with a total workforce of 54 employees. It is specified that this entity contributed to the balance sheet and income statement aggregates of the Spartoo Group as a whole. TOOSTORES R1 generated revenue of around €6 million, with a net loss of around €2 million as of December 31, 2024. The Group's other companies are not affected by the procedure, and are continuing their business activities, in particular the affiliation business model. The indirect financial impact of this liquidation is estimated at less than €500,000. Duyuru • Jan 07
Spartoo SAS to Report First Half, 2025 Results on Sep 29, 2025 Spartoo SAS announced that they will report first half, 2025 results on Sep 29, 2025 Duyuru • Jan 06
Spartoo SAS to Report Fiscal Year 2024 Results on Mar 24, 2025 Spartoo SAS announced that they will report fiscal year 2024 results After-Market on Mar 24, 2025 Buy Or Sell Opportunity • Nov 13
Now 20% overvalued Over the last 90 days, the stock has fallen 16% to €0.41. The fair value is estimated to be €0.34, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has declined by 2.5% over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to grow by 0.4% in a year. Earnings are forecast to decline by 38% in the next year. Reported Earnings • Oct 15
First half 2024 earnings released: €0.07 loss per share (vs €0.11 loss in 1H 2023) First half 2024 results: €0.07 loss per share (improved from €0.11 loss in 1H 2023). Revenue: €65.3m (down 11% from 1H 2023). Net loss: €1.19m (loss narrowed 40% from 1H 2023). Revenue is forecast to grow 1.8% p.a. on average during the next 3 years, compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. Over the last 3 years on average, earnings per share has fallen by 60% per year whereas the company’s share price has fallen by 56% per year. New Risk • Oct 04
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €8.71m (US$9.60m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€8.71m market cap, or US$9.60m). Minor Risks Currently unprofitable and not forecast to become profitable over next 2 years (€800k net loss in 2 years). Share price has been volatile over the past 3 months (7.7% average weekly change). Buy Or Sell Opportunity • Aug 01
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 2.9% to €0.46. The fair value is estimated to be €0.37, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.3% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • Jun 14
Now 26% overvalued after recent price rise Over the last 90 days, the stock has risen 47% to €0.57. The fair value is estimated to be €0.45, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 3.3% in 2 years. Earnings are forecast to grow by 47% in the next 2 years. Buy Or Sell Opportunity • May 15
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 5.7% to €0.50. The fair value is estimated to be €0.41, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Meanwhile, the company became loss making. Revenue is forecast to decline by 1.5% in 2 years. Earnings are forecast to grow by 49% in the next 2 years. Reported Earnings • Apr 21
Full year 2023 earnings released: €0.10 loss per share (vs €0.25 loss in FY 2022) Full year 2023 results: €0.10 loss per share (improved from €0.25 loss in FY 2022). Revenue: €142.9m (down 4.1% from FY 2022). Net loss: €1.87m (loss narrowed 59% from FY 2022). Revenue is forecast to stay flat during the next 2 years compared to a 5.9% growth forecast for the Specialty Retail industry in Germany. New Risk • Feb 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 10% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Share price has been highly volatile over the past 3 months (10% average weekly change). Market cap is less than US$10m (€8.71m market cap, or US$9.38m). Minor Risks Less than 1 year of cash runway based on current free cash flow (-€15m). Currently unprofitable and not forecast to become profitable over next 2 years (€1.3m net loss in 2 years). Reported Earnings • Oct 24
First half 2023 earnings released: €0.11 loss per share (vs €0.25 loss in 1H 2022) First half 2023 results: €0.11 loss per share (improved from €0.25 loss in 1H 2022). Revenue: €72.9m (down 1.3% from 1H 2022). Net loss: €1.97m (loss narrowed 57% from 1H 2022). Revenue is forecast to grow 2.9% p.a. on average during the next 3 years, compared to a 6.2% growth forecast for the Specialty Retail industry in Germany. Board Change • Oct 19
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sylvie Colin is the most experienced director on the board, commencing their role in 2021. Independent Director Beatrice Lafon was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. New Risk • Oct 05
New minor risk - Profitability The company is currently unprofitable and not forecast to become profitable over the next 3 years. Trailing 12-month net loss: €4.6m Forecast net loss in 3 years: €800k This is considered a minor risk. Companies that are not profitable are more likely to be burning through cash and less likely to be well established. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. Without profits, the company is under pressure to grow significantly while potentially having to reduce costs and possibly needing to take on debt or raise capital to remain afloat. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (16% average weekly change). Minor Risks Currently unprofitable and not forecast to become profitable over next 3 years (€800k net loss in 3 years). Market cap is less than US$100m (€9.82m market cap, or US$10.3m). New Risk • Jul 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of German stocks, typically moving 15% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risk Share price has been highly volatile over the past 3 months (15% average weekly change). Minor Risk Market cap is less than US$100m (€11.2m market cap, or US$12.6m). New Risk • Jun 22
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: €9.08m (US$9.92m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risk Market cap is less than US$10m (€9.08m market cap, or US$9.92m). Minor Risk Share price has been volatile over the past 3 months (8.2% average weekly change). Reported Earnings • Apr 20
Full year 2022 earnings released: €0.25 loss per share (vs €0.09 profit in FY 2021) Full year 2022 results: €0.25 loss per share (down from €0.09 profit in FY 2021). Revenue: €149.1m (flat on FY 2021). Net loss: €4.58m (down 400% from profit in FY 2021). Revenue is forecast to grow 3.5% p.a. on average during the next 2 years, compared to a 6.7% growth forecast for the Specialty Retail industry in Germany. Duyuru • Dec 15
Spartoo SAS to Report First Half, 2023 Results on Oct 02, 2023 Spartoo SAS announced that they will report first half, 2023 results on Oct 02, 2023 Board Change • Nov 17
Less than half of directors are independent There are 5 new directors who have joined the board in the last 3 years. Of these new board members, 2 were independent directors. The company's board is composed of: 5 new directors. No experienced directors. No highly experienced directors. 2 independent directors (3 non-independent directors). Independent Director Sylvie Colin is the most experienced director on the board, commencing their role in 2021. Independent Director Beatrice Lafon was the last independent director to join the board, commencing their role in 2021. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 28
First half 2022 earnings released: €0.25 loss per share (vs €0.07 profit in 1H 2021) First half 2022 results: €0.25 loss per share (down from €0.07 profit in 1H 2021). Revenue: €73.9m (down 1.0% from 1H 2021). Net loss: €4.61m (down €5.57m from profit in 1H 2021). Revenue is forecast to grow 1.6% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Online Retail industry in Germany. Valuation Update With 7 Day Price Move • Oct 08
Investor sentiment deteriorated over the past week After last week's 20% share price decline to €1.06, the stock trades at a trailing P/E ratio of 13x. Average forward P/E is 16x in the Online Retail industry in Germany. Total loss to shareholders of 82% over the past year. Valuation Update With 7 Day Price Move • Aug 27
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €1.46, the stock trades at a forward P/E ratio of 24x. Average forward P/E is 18x in the Online Retail industry in Europe. Total loss to shareholders of 76% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.02 per share. Valuation Update With 7 Day Price Move • Aug 12
Investor sentiment improved over the past week After last week's 16% share price gain to €1.94, the stock trades at a forward P/E ratio of 32x. Average forward P/E is 16x in the Online Retail industry in Europe. Total loss to shareholders of 67% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.07 per share. Duyuru • Jul 25
Spartoo Appoints Aymeric Moser as Deputy Chief Executive Officer Spartoo announced the appointment of Aymeric Moser as Deputy Chief Executive Officer, while keeping his functions as Marketing Director within the Group. Aymeric Moser joined Spartoo in 2008 as Marketing Director. His position within the Group has grown over the past 15 years and he is currently responsible for the development of online activities in more than 25 countries. He holds a Master's degree from Montpellier Business School and the University of Southern Denmark. Valuation Update With 7 Day Price Move • Jul 03
Investor sentiment improved over the past week After last week's 18% share price gain to €1.76, the stock trades at a forward P/E ratio of 28x. Average forward P/E is 17x in the Online Retail industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.13 per share. Valuation Update With 7 Day Price Move • Jun 18
Investor sentiment deteriorated over the past week After last week's 19% share price decline to €1.52, the stock trades at a forward P/E ratio of 26x. Average forward P/E is 16x in the Online Retail industry in Europe. Simply Wall St's valuation model estimates the intrinsic value at €1.06 per share. Board Change • May 02
No independent directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 7 experienced directors. No highly experienced directors. No independent directors (7 non-independent directors). was the last director to join the board, commencing their role in . The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of independent directors. Insufficient board refreshment. Reported Earnings • Apr 20
Full year 2021 earnings released Full year 2021 results: Revenue: €150.3m (up 10.0% from FY 2020). Net income: €1.52m (down 30% from FY 2020). Profit margin: 1.0% (down from 1.6% in FY 2020). Over the next year, revenue is forecast to grow 10%, compared to a 41% growth forecast for the retail industry in Germany. Duyuru • Dec 02
Spartoo Announces Subscription of Ten Reference Brands to its TOOBone Offer Spartoo announced the subscription of ten reference brands to its TOOBone offer. Launched in 2021, TOOBone is intended to help companies accelerate the development of their online business. This offering covers several solutions capitalizing on Spartoo’s expertise acquired over its 15 years of experience in the sale of footwear and fashion items, whether in logistics, transportation or the digitalization of physical points of sale. Representing approximately 9% of the Company's business volume in 2020, this range of third-party services works in synergy with the consumer offering (B2C) and ensures continuous improvement in service quality while enabling Spartoo to reduce its unit costs, particularly transportation. TOOBone covers four distinct and complementary services: Fulfilment solutions, enabling brands and e-retailers to use Spartoo's logistics infrastructure; E-commerce, ensuring that partners can benefit from the full range of e-commerce services developed by the Company; Digital Shops, deploying a cash register software to operate and digitize physical shops; and Shipping solutions, consisting of a transport commissioning business aimed at reducing partners' transport costs in France and abroad. Several companies and reference sites have already opted for this offer, such as Pataugas, Palladium and Oakwood. Valuation Update With 7 Day Price Move • Oct 30
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €4.65, the stock trades at a forward P/E ratio of 35x. Average forward P/E is 32x in the Online Retail industry in Germany.