Orchestra Premaman reports annual loss of 33.6 million euros

During the 2016/2017 financial year, from March 1, 2016 and February 28, 2017, Orchestra Prémaman Group posted consolidated revenue of 608.3 million euros (690 million dollars), up 8.7 percent year-on-year. However, Consolidated net income group share showed a loss of 33.6 million euros (38 million dollars) in 2016-2017 against a profit of 17.7 million euros (20 million dollars) last year. The company’s board of directors decided to terminate the mandates of Stéphane Mangin and Jacques Blanchet on June 29 and it also appointed Stefan Janiszewski as Chief Financial Officer.