Philion SE: Subsidiary Fexcom opens up additional revenue potential with new partners
Berlin, 12. November 2018: Fexcom GmbH, the largest independent telecommunications chain in Germany and a wholly-owned subsidiary of Philion SE, is driving growth and opening up new sales potential for its exclusive mobile phone and tablet accessories. Two new sales partners have been acquired in the B2B segment for this purpose. They are expected to generate additional sales of around three million euros per year - and more potential on hand. This corresponds to more than 5% of Fexcom's total 2017 annual revenue of EUR 52 million.
The first new partner is focused on online trading and will list Fexcom's complete range of accessories. The second new partner is a system house with more than 500 affiliated dealers in Germany, Switzerland and Austria. In future they will not only be offered accessories, but also the complete Fexcom portfolio from mobile phone contracts and hardware to device financing and insurance.
In addition to its core business with mobile phone contracts and suitable hardware, the accessories range is an important pillar of Fexcom's business, with which the Group successfully sets itself apart from the competition. With more than 2,500 brands in 12 product categories, Fexcom offers a wide range of accessories for smartphones, tablets and PCs in the outdoor, sports and gaming sectors. In addition to sales in its own 167 stores throughout Germany, sales to business customers and via distribution partners are also being continuously expanded.
Date note: Philion will present on 28.11.2018 at the German Equity Forum (Deutsches Eigenkapitalforum) in Frankfurt/Main
Philion SE // www.philion.de // M: firstname.lastname@example.org
Investor Relations & Press
Fabian Lorenz // T: +49 221 29 83 15 88 // M: email@example.com
About Philion SE
The management team with decades of experience in the international telecommunications market of Philion SE around the Chairman of the Board of Directors René Schuster (former CEO of Telefonica Deutschland) has one goal: A leading network-independent service provider for all digital products related to the telecommunications market is to be established in the coming years via a buy-and-build strategy. Philion functions as a listed holding company and uses an omni-channel strategy for its subsidiaries to combine the advantages of online trading with those of personal on-site services. The first step was the takeover of Fexcom GmbH at the turn of the year 2017/18. This first operating subsidiary was founded in 1993, now operates 167 mobile communications stores across Germany with 450 employees and generated sales of around 52 million euros in 2017.
This announcement does not constitute an offer to sell or the solicitation of an offer to buy or subscribe for any securities. There will be no public offering of securities of Philion SE. This announcement does not constitute a securities prospectus. This announcement and the information contained therein are not intended for direct or indirect distribution in or within the United States of America, Canada, Australia or Japan.
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