Erard (equipment and services)

Date of initial investment: 1999 (LBO)
Qualis’ stake: 100%

€ million	31-12-2004	31-12-2005	31-12-2006
Sales	14,1	18,2	23,9
EBITA	1	1,7	1,4
Net profit	0,3	0,7	0,7
Net debt	4,8	3,2	1,7

Market position
Erard was set up in 1961, and is one of Europe’s leading players in TV equipment and accessories. Erard and its subsidiaries Eurex (professional market) and ITC (connectors) design, produce and sell stands and furniture for audiovisual equipment along with aerial accessories for receiving terrestrial and satellite TV signals.

The company has an integrated production system that receives regular investment. As a result, Erard has vital in-house production expertise. It also has a unique commercial position, covering almost all segments in France: mass retail, specialist retail, independent resellers and collective groups. Erard products are also acknowledged for their high level of technical innovation..

Current position and outlook
For more than two years, Erard has been implementing major changes intended to place innovation at the core of the company. Erard is now focusing on permanently developing new ranges of innovative ‘mass-market’ products, intended for sale internationally, to accompany the revolution taking place in digital leisure products. The first stage has been the introduction of a new range of tables and stands specifically designed for flat-screen TVs, which has been a big hit. Erard has set up distribution subsidiaries in Spain and the USA.

ERARD
ZI de Chavanoz
4, Rte de la Plaine - BP 7
38231 Pont de Cheruy Cedex
Manager : Pascal MARCHAND
Tel : +33 (0)4 72 16 26 01
Website : www.erard.fr

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