SERGE FERRARI : Q3 2017 REVENUES UP 10%

SergeFerrari Group (FR0011950682) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.

Saint Jean de Soudain, October 18, 2017

Revenue breakdown by region (unaudited)

(€000)
Q3 2017
Q3 2016
Ch.
9 months

2017
9 months

2016
Ch.


Southern Europe (SEUR)
10,901
11,395
-4.3%
41,423
42,948
-3.6%


Wide Europe (WEUR)
13,131
13,278
-1.1%
41,350
42,292
-2.2%


Rest of World (ROW)
10,073
9,104
+10.6%
29,837
29,968
-0.4%


Serge Ferrari composite materials
34,105
33,777
+1.0%
112,610
115,208
-2.3%


Other operations (*)
4,982
1,770
ns
15,445
5,353
ns


Total revenues
39,087
35,547
+10.0%
128,055
120,561
+6.2%

(*) including operations acquired during the past 12 months

Key analysis factors

As announced, the Group returned to organic growth in the third quarter. Q3 2017 sales of composite materials were up 3% in terms of volume. Exchange rate fluctuations curbed revenues by 0.7%. The operations acquired over the past 12 months contributed 8.5% to third quarter revenue growth.

For the first 9 months, these new operations posted organic growth of 10.9%, thus confirming the strategic merits of their acquisition.

Outlook

The release of the conditions precedent for the acquisition of Plastitex is progressing satisfactorily and closing is confirmed for December 2017.

Q4 sales growth is expected to be particularly strong in the Rest of World (ROW) region, especially in India and China where distribution subsidiaries began operating in 2017.

Serge Ferrari included in 2017 GAIA INDEX*

Serge Ferrari was officially integrated into the Gaia Index at the ratings ceremony held on October 16, 2017 at the Palais Brongniart in Paris.

The Gaia Index ranks French mid-cap companies in terms of their commitment to non-financial issues (environment, social and governance).

Romain Ferrari said, “We are happy and proud that the Serge Ferrari Group's social and environmental initiatives have earned us a place in the Gaia Index, a major source of encouragement for us to continue our efforts.”

Next release

Q4 2017 revenues, January 25, 2018 after market close



 

* Gaia Rating, a division of EthiFinance, specializes in analyzing and rating small to medium-sized companies in terms of ESG (environment, social and governance) criteria. Since 2009, Gaia Rating has conducted an ESG information-gathering campaign covering most French listed small to mid-cap companies. Based on this information, the companies are rated in terms of their transparency and performance. Rankings have been drawn up per revenue category in order to reward the best companies out of a selection of 230 small and mid-caps, listed on the Paris stock exchange, which meet four criteria related to size and liquidity. Top-tier asset management firms use the Gaia Rating ESG classification to support their management processes and investment decisions. Read more at: http://www.gaia-rating.com/.

Find all Company details at www.sergeferrari.com.

 

SERGE FERRARI CONTACT

Philippe Brun

Chief Financial Officer

[email protected]

 

 

 
INVESTOR & PRESS CONTACT

Amalia Naveira/Marie-Claude Triquet

Actus Lyon

Tel.: 00 33 4 72 18 04 93

[email protected]/[email protected]

 

 

Source: Actusnews