Q1 Turnover 2016/2017 - Total Sales at EUR 11.93 million

• Hardware activity is down. Significant N-1 base effect. A number of important tenders have recently been submitted and the Group is awaiting the results


• Home Décor activity on the down; Unfavourable impact of the launch of new product lines by a key customer


• Printing activity is buoyant and stands at +9.2% incorporating the adverse impact of exchange rate fluctuations

Q1 consolidated sales

The foreign exchange impact is mainly due to a sharp drop in the value of the South African Rand (21%) and to a lesser extent the fall in value of the Canadian Dollar against the Euro.

Prismaflex International Q1 2016/2017 sales stand at €11.93 million, down 11.6% (-8% at constant currencies) and can be analysed as follows:

• Unfavourable base effect on Hardware; the German and US subsidiaries performed extremely well during the same period in N-1;


• Last year S1 sales in Russia were high, whereas the Russian market is today depressed;


• A drop in orders for Home Décor products from a key customer coupled with the launch of new product lines. The situation is expected to improve in S2.

Excluding Home Décor, Printing activity at €6.26 million (€5.74 million in N-1) is significantly up 9.2% at current exchange rates and +15.8% at constant currencies. Activity in South Africa and France is particularly good while sales in Canada are down.

Home Décor at €1.67 million is down for the period (€2.41 million in N-1), and the trend is forecast to continue into Q2 until our key customer has fully replaced its product lines.

Hardware activity (excluding Home Décor) stands at €4.0 million (€5.35 million in N-1). LED sign sales are stable at €1.16 million and a significant number of major projects are at the negotiation stage.

Outlook

On June 30, 2016, order backlog, essentially for hardware stands at €5.3 million (€5.4 million in n-1) with a number of significant orders for the German zone.

In 2016, one of the Group's key challenges will be the acceleration in the change of its business model with a strong focus on digital products.

The Annual Shareholders' Meeting will take place on September 29, 2016 in Saint Clément les Places (69930) at 2.30pm. Next press release: Q2 sales, October 20, 2016 after closure.

Contacts:

PRISMAFLEX INTERNATIONAL

Emmanuel Guzman - CFO - phone: +33 (0)4 74 70 68 00 – [email protected]

ACTUS Lyon

Amalia Naveira – Analysts/Investors contact - phone: +33 (0)4 72 18 04 92 - [email protected]

Marie-Claude Triquet – Press contact – phone: +33 (0)4 72 18 04 93 - [email protected]

PRISMAFLEX INTERNATIONAL

OUTDOOR ADVERTISING SOLUTIONS MANUFACTURER AND WIDE FORMAT DIGITAL PRINTING 

ISIN : FR0004044600-ALPRI - Reuters : ALPRI.PA – Bloomberg : ALPRI.FP

ALTERNEXT Paris 

www.prismaflex.com

Quelle: Actusnews