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Wednesday, 13 September 2017

Sogeclair : Financial results for the first half of 2017

Sogeclair    

Published: 17:45 CEST 13-09-2017 /GlobeNewswire /Source: Sogeclair / : SOG /ISIN: FR0000065864


S1.2017: GOOD ECONOMIC PERFORMANCE

+9.75% TURNOVER GROWTH TO 74.34 M€

CREATION OF NEW SUBSIDIARIES

 

SOGECLAIR, the designer of innovative high added-value solutions and products for the aerospace and transport sectors, reports its financial results for the first half of 2017, ending on June 30th 2017.

 

The 9.75% turnover increase, boosted by the Product's activity, concerns all the divisions (Aerospace: +6% / Simulation: +35% / Vehicle: +111%).

 

The economic performance is good, with an EBITDA standing at 4.77 M€ (+24%) and an EBIT of 2.64 M€ (+95%). The net result of 1.22 M€ is stable with a tax expense of 0.49 M€ against an 0.19 M€ tax benefit during the 1st semester 2016.

 

The gearing gets noticeably better, moving from 37% on June 30th 2016 to 24% on June 30th 2017.

 

(M€)

H1 2016

 

H1 2017

 

Variation

Turnover

67,73

 

74,34

 

+9,75%

International

35,89

 

39,62

 

+10,38%

EBITDA (1)

3,85

 

4,77

 

+24,03%

as % of turnover

5,7%

 

6,4%

 

 

Operating result

1,36

 

2,64

 

+94,58%

as % of turnover

2,0%

 

3,5%

 

 

Net result

1,23

 

1,22

 

-0,65%

Including group share

1,16

 

1,02

 

 

(1) operating result - other operating income and charges + amortization expenses and operating provisions

 

Publication of the results was authorised by a board meeting held on 8 September 2017. Any apparent differences regarding the figures are due to rounding-off.

 

The breakdown per activity is summarized hereunder.

 

 

AEROSPACE

 

VEHICULIER

 

SIMULATION

 

HOLDING

 

GROUP

(K€)

H1 2016

H1 2017

 

H1 2016

H1 2017

 

H1 2016

H1 2017

 

H1 2016

H1 2017

 

H1 2016

H1 2017

Turnover

60,882

64,534

 

731

1,546

 

6,120

8,260

 

-

 

67,734

74,340

Operating result

565

1,132

 

-94

60

 

463

1,002

 

421

443

 

1,355

2,637

 

In June and July, SOGECLAIR has put an accent on its development strategy with the creation of 2 new subsidiaries with leading industrial partners:

  • PrintSky, owned at 51% and created with AddUp (Five and Michelin's subsidiary), in the field of additive manufacturing
  • Autonomous Vehicle Simulation (AVS), owned at 65% and created with Renault Group, in the field of automotive simulation.

 

Perspectives

SOGECLAIR is strengthened by its business and profit's growth, with a strong balance sheet and forecasts a new profitable organic growth year. Over time, leading strategic partnerships (PrintSky, AVS,.) will keep growth and value creation going for the Group.

 

Next announcement: Q3 2017 turnover on November 08th 2017, following closure of the Stock Market.

 

About SOGECLAIR

Designer of innovative, high added-value solutions and products, SOGECLAIR brings its skills in high-quality engineering and production to cutting-edge sectors: aeronautics, space and transport. Supporting its customers and partners from the design and simulation stages through to the end of the product's lifetime, all along the production chain and for entry into service, the Group counts nearly 1,400 staff working worldwide to offer a high-quality, proximity service to all its customers.

SOGECLAIR is listed on Euronext Paris - Compartment C - Euronext® Family Business index - Code ISIN: FR0000065864 - PEA PME 150

(Reuters SCLR.PA - Bloomberg SOG.FP)

 

Contacts

Philippe ROBARDEY, President & CEO of SOGECLAIR +33(0)5 61 71 71 71

Marc DAROLLES, Executive Vice-President of SOGECLAIR +33(0)5 61 71 71 71

www.sogeclair.com



SOGECLAIR: financial results for the 1st half of 2017



This announcement is distributed by Nasdaq Corporate Solutions (One Liberty Plaza, 165 Broadway, New York, NY 10006. Tel: +1 212 401 8700. www.nasdaqomx.com) on behalf of NASDAQ OMX Corporate Solutions clients. Source: Sogeclair, 7, avenue Albert Durand BP 20069, Blagnac Cedex FR-31703, France
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