Adova Group: The latest figures, news and market research on Adova Group

Turnover: 160 million EUR (2022)

Country: France

Formerly a French bedding group, the Adova Group was acquired in 2016 by investment fund Perceva. Refocused on bedding, it owns the Dunlopillo, Simmons and Treca brands, among others
850 employees

Bedding manufacturer Adova relaunches its Breton plant 13/12/2023

The Disneyland Hotel will reopen on January 25 with 487 rooms equipped with mattresses produced by Ouest Bedding Hotelys.
Ouest Bedding Hotelys posted sales of 18 million euros last year, up 14%.
The Adova Group, which owns Ouest Bedding Hotelys, has total sales of 160 million euros.
The Fougères plant produces 90,000 pieces a year, sold under the Hotelys (50%), Simmons (35%) and Tréca (10%) brands.
Sales in the hotel sector are expected to reach around 30 million euros.
Adova employs 800 people in France, spread over five production sites.

French bedding manufacturer Adova Group focuses on CSR and relocation at its Loir-et-Cher plant 12/10/2023

French bedding manufacturerbedding
Tréca, Simmons and Hotelys brands,
More than 800 employees and sales of 160 million euros
The Mer site (106 employees and sales of 17 million euros) produces 20 to 25,000 mattresses, 10,000 slat bases and 3,000 headboards for the Tréca brand every year.
Exports account for 20% of sales (up from 10% in 2021).
The Tréca and Première de Tréca brands are present in 33 countries, including Germany, Benelux, China, Spain andItaly.

Bedding market: Adova Group (Simmons, Tréca) 31/07/2023

Adova Group is a mission-driven company with its Simmons and Tréca brands.
The Group has five plants in France: two for Simmons, two for Tréca and one specifically for the hotel market.
Adova Group employs 890 people.
By 2022, Adova Group expects to have sales of €160 million.
85% of sales are generated in France
The Group has its own network of boutiques, with 8 stores for Simmons (7 in Paris and 1 in Lyon) and 7 for Tréca (5 in Paris, 1 in Lyon and 1 in Bayonne).
Adova Group has sales outlets abroad in Bucharest, Barcelona, Milan, London and Dubai.

Treca bets on exports for its top-of-the-range bedding made in France 16/03/2023

- 7 concession stores in France
- 1 boutique in Barcelona ,1 boutique in London , 1 boutique in Dubai
- Total sales of 160 million euros
- Objective of 200 million euros over the next five years, and tripling export sales
- Potential for a dozen boutiques in France

Adova's French mattresses stand up to Asian competition 23/09/2022

40% of production is exported
The Adova Group focuses on quality, with its Treca and Simmons brands (85% of sales), and its sofas (15%)
The Treca brand has opened eight of its own boutiques (4 in Paris, 1 in London and 1 in Barcelona)
Adova targets sales of 180 million for the year ending March 2023, after 160 million the previous year.
Bought out in 2016 by the Perceva fund, the former Cauval has returned to profit
Adova manufactures in five plants in France and sources 99% of its products from Europe
Brands manufacturing in Asia account for 30% of the French mattress market
Mature market (1% to 2% annual growth)
Dunlopillo brand and Diva Salon sofas sold out

DUNS: 820301943

Legal Name: ADOVA GROUP

Address: 45 RUE DU CARDINAL LEMOINE , 75005 PARIS

Number of employees: Entre 50 et 99 salariés (2021)

Capital: 15 000 EUR

Financial Data:

Year	2019	2018	2017	2016
Turnover	19 997 443	15 036 906	12 834 460	7 847 684
Gross margin (€)	25 350 744	20 749 170	17 726 803	9 654 180
EBITDA (€)	-303 707	83 548	-837 625	130 604
Operating profit (€)	250 292	-430 598	-172 278	91 446
Net profit (€)	-7 500 477	-4 563 584	-3 193 663	-4 726 192
Turnover growth rate (%)	33	17,2	63,5	-
Ebitda margin rate (%)	-1,5	0,6	-6,5	1,7
Operating margin rate (%)	1,3	-2,9	-1,3	1,2
Working Capital (turnover days)	-490,4	-400,7	-290,6	-227,8
Working Capital requirements (turnover days)	254,2	227,3	304	365,5
Net margin (%)	-37,5	-30,3	-24,9	-60,2
Added value / Turnover (%)	36,9	51,6	48	44,5
Wages and social charges (€)	7 695 119	7 583 423	6 812 398	3 227 012
Salaries / Turnover (%)	38,5	50,4	53,1	41,1

Company Managers:

Position	First Name	Last Name	Age	Linkedin
Président du directoire	Charles, Henri, Herve, Jerome	Deon	51
Président	Jean-louis	Grevet	62

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