First six-months turnover - September 2012 - Total sales: EUR 22 million
Significant points for first half year period:
Encouraging results for Printing activity
Home Décor client destocking coming to an end
Hardware market on standby
In an uncertain economic environment, Prismaflex management continues to remain cautious
Consolidated sales - first 6 months (April 1 - September 30, 2012)
April 1 - September 30, 2012
Q2: July 1 - September 30, 2012
Non audited
6 Months
6 Months
3 Months
3 Months
In € million
2012/2013
2011/2012
Var. M€
Var.%
Q2 12
Q2 11
Var. M€
Var.%
Printing activity
13.93
13.54
0.39
+2.9%
7.33
6.61
+0.72
+10.9%
Hardware activity
8.08
11.32
-3.24
-28.6%
3.51
5.63
-2.13
-37.7%
Total 6 months
22.01
24.86
-2.85
-11.5%
10.84
12.24
-1.4
-11.5%
Total (constant currencies)
21.56
24.86
-3.30
-13.3%
10.55
12.24
-1.69
-13.8%
With constant currencies, Sales stand at €21.56 million, mainly due to fluctuations of the GBP (8.9%), CAD (8.4%) and US Dollar (11.2%) over the period.
Excluding Home Décor, Printing Activity is up 18.9% for the 6 month period at €10.8 million (+10.2% with constant currencies) and shows a good tendency during the second quarter. This trend results from a buoyant market particularly in England (Olympic Games and growth in market share), Canada (POP market) and South Africa for this quarter.
Home Décor, down 28.1% at €5 million, is however up on Q1 (+20% sequentially). For Q2, activity is down 22% on the same period 2010/2011 (-34% in Q1) and confirms current client destocking. Final in-store sales remain positive and the situation should improve in S2.
Hardware sales (excluding Home Décor) are down 30% at €6.2 million for the period. This trend concerns all products and reflects a client wait-and-see attitude due to the difficult macro-economic environment.
Despite the good Printing activity, the above movements will certainly impact results for S1 without however in any way undermining the group's financial balance. Profitability should improve during S2 thanks to an upturn in Hardware and Home Décor activity.
Outlook
On September 30, 2012 order backlog, mainly for Hardware, is improving to stand at €6.1 million (€4.7 at the end of June 2012).
Despite the difficult context, Prismaflex International continues the development of innovative products to comply with new market needs including the Prismatronic Indoor and Outdoor lines and exclusive energy self-sufficient displays under exclusive licensing. Management remain cautious with slight adjustments to budgeted expenses being made.
Next press release:
6-months results: November 29, 2012 after closure -SFAF conference call November 30, 2012.
PRISMAFLEX INTERNATIONAL
Outdoor Advertising solutions manufacturer and large format digital printing
ISIN: FR0004044600-PRS - Reuters: PRS.PA - Bloomberg: PRS FP
NYSE- Euronext Paris - Compartiment C
www.prismaflex.com
Contacts:
Emmanuel Guzman - CFO - phone: +33 (0)4 74 70 68 00 - finance@prismaflex.com
Amalia Naveira - Analysts/Investors contact - phone: +33 (0)4 72 18 04 92 - anaveira@actus.fr
Marie-Claude Triquet - Press contact - phone: +33 (0)4 72 18 04 93 - mctriquet@actus.fr
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires
Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-29689-cp-prismaflex-international-171012.pdf
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