SERGE FERRARI : Q4 2017 REVENUES UP 16.3%
SergeFerrari Group (FR0011950682) creates, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.
Saint Jean de Soudain, January 30, 2018
Revenue breakdown by region (unaudited)
€000
Q4 2017
Q4 2016
Ch.
2017
2016
Ch.
Southern Europe
12,196
11,905
+2.4%
53,619
54,853
-2.2%
Wide Europe
13,362
11,871
+12.6%
54,712
54,163
+1.0%
Rest of World
11,021
9,585
+15.0%
40,858
39,553
+3.3%
Serge Ferrari composite materials
36,579
33,361
+9.6%
149,189
148,569
+0.4%
Other Serge Ferrari operations
2,227
2,367
N/A
7,762
7,720
N/A
Acquired operations
6,464
3,026
N/A
21,703
3,026
N/A
(1,186)
(846)
N/A
(6,516)
(846)
N/A
Total revenues
44,084
37,908
+16.3%
172,138
158,469
+8.6%
(1) includes Giofex + Ferramat + Milton + Plastitex operations
Key analysis factors
As announced, the Group observed a step-up in its organic growth during the fourth quarter, posting a sharp rise in the Rest of World region. Composite materials revenues rose 10.9% at constant consolidation scope and exchange rates. Exchange rate fluctuations curbed revenues by 1.3% in Q4 2017. Acquired operations contributed 7.4% to the Q4 increase in sales.
Composite materials sales increased 0.4% over the full year, despite a 0.2% negative currency impact. Full-year consolidated revenues rose 8.6% due to the 8.2% contribution from newly acquired companies.
In 2017, the Group invoiced around 9% of its sales in US dollars and 5% in Swiss francs.
Plastitex
Closing of the Plastitex acquisition is now completed: €2.5 million in revenues generated by the company were consolidated into fourth quarter sales.
Outlook
As part of its SF2020 strategic plan, the Group is confirming its goal to combine organic and external growth. The integration of Plastitex into the Consumers business development strategy is currently underway.
Next release
2017 results, February 28, 2018 after market close
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]
SergeFerrari Group designs, makes and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €6 billion. The unique characteristics of these products make them ideal for technical applications in three fields: architecture, specialties for industry professionals, and composite membranes for the consumer market. The Group's principal competitive advantage lies in its differentiating technology – Précontraint® - and its associated proprietary industrial know-how. The Group has three production sites: one in France and two in Switzerland. Serge Ferrari is present in 80 countries through eight subsidiaries (in the US, Japan, Hong Kong, Brazil, India, China, Turkey and Germany), 2 representative offices (in Spain and Dubai) and a network of more than 100 distributors. At the end of 2016,
Serge Ferrari posted consolidated revenue of €172 million of which 75% was achieved outside France. The company SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). The SergeFerrari Group share is eligible for PEA-SME and FCPI Investment.
www.sergeferrari.com
Regulated information
News releases under ongoing reporting obligations:
- Information on annual revenues
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-51789-sefer-300118-ca-q4-17-gb.pdf
Receive by email the next press releases of the company by registering on
www.actusnews.com, it's free
Source: Actusnews
Sergeferrari Group S.A. Stock
The community is currently still undecided about Sergeferrari Group S.A. with 1 Buy predictions and 0 Sell predictions.
With a target price of 9 € there is a hugely positive potential of 51.26% for Sergeferrari Group S.A. compared to the current price of 5.95 €.
