GROUPE GORGE : Strong growth in revenue in the 1st quarter of 2015 (+15%) and in the order backlog (+18%)

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In € millions 1st quarter of 2015 1st quarter of 2014 Change (%)
Smart Safety Systems 17.7 17.3 +2.3%
Industrial Projects & Services 24.1 17.6 +37.3%
Protection in Nuclear Environments 8.6 11.4 -24.4%
3D printing 2.9 0.2 x14.5
Revenue between the divisions (0.2) (0.3) -
TOTAL 53.1 46.2 +14.9%

Groupe Gorgé's consolidated revenue amounted to €53.1 million in the 1st quarter of 2015, compared with €46.2 million in 2014 (+14.9%), boosted by the strong performance of the Industrial Projects and Services and 3D Printing divisions.

Revenue for the Smart Safety Systems division came to €17.7 million in the 1st quarter of 2015, compared with €17.3 million (+2.3%) in 2014. This growth was boosted in particular by the many successes of the Robotics and Integrated Systems division (see press releases of January 5 and March 5, 2015), which posted revenue of €10.9 million, compared with €8.9 million for the previous year, with growth up more than 21%.

The division's order backlog amounted to €104 million (€84 million at March 31, 2014), representing growth of 23.7%.

Revenue for the Industrial Projects and Services division came to €24.1 million, compared with €17.6 million in the 1st quarter of 2014, representing an exceptional increase of more than 37%.The fire protection business, up by 44.9% compare with the previous year, made a significant contribution to achieving this very satisfactory performance. The division's remaining activities (electricity, automation, industrial robotics) were also up by 22.8% compared with the 1st quarter of 2014.

The division's order backlog, up by 14% compared with March 31, 2014, gives the IPS division a good outlook for the rest of the year.

The Protection in Nuclear Environments division posted a decrease over the quarter (-24.4%) with revenue of €8.6 million, compared with particularly high revenue in the 1st quarter of 2014 (€11.4 million). Over the quarter, the division experienced a good sales dynamic, mainly by winning a new order as part of the NOVARKA project (dismantling contaminated waste present in the former core of reactor no. 4 of the Chernobyl nuclear power plant: see press release of January 29, 2015). The order backlog shows growth of nearly 8% compared with March 31, 2014.

Finally, the 3D Printing division boasts exceptional performance in terms of both revenue growth (a 15-fold increase) and orders taken, with an order backlog up 5-fold compared with the same period of the previous year (March 31, 2014). INITIAL, a company acquired at the beginning of April, will start to contribute only from the 2nd quarter onwards. This division displays the Group's strongest growth figures.

 

Outlook
The consolidated order backlog amounted to €212 million on March 31, 2015, representing growth of 18.4% compared with March 31, 2014.

Over the full year, the Group is expecting organic revenue growth, boosted mainly by the excellent outlook for the Robotics and Integrated Systems division of its SSS division. Two substantial contracts have already been announced (see press releases of April 10 and 17, 2015).

In the 3D Printing division, the excellent backlog on March 31, 2015 (€2.9 million) suggests positive momentum throughout the year. The two strategic acquisitions made in March, Initial and Norge Systems (see press release of March 26, 2015), are the first steps of the strategy implemented by the Group, aimed at making it the third-largest global player offering multi-technological and all 3D printing services to its customers.

Prodways is currently participating for the first time in two major American fairs in the 3D printing sector: AMUG and RAPID.

 

Next report

Publication of revenue for the 1st half-year on July 27, 2015

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About Groupe Gorgé
Established in 1990, Group Gorgé is an industrial group operating in different areas of expertise:

Smart Safety Systems – Using technology to work in risk environments;

Protection in Nuclear Environments – Protecting people and securing buildings operating with radioactive materials;

Industrial Projects & Services Conducting Robotics and Fire protection systems projects for industry and service-sector player;

3D Printing – Enabling major industry players to find new routes to successful innovation and production processes by providing systems, 3D printers and new premium material.

In 2014, the Group reported revenue of €223.3 million. It is backed by 1,370 employees and operations in over ten countries.

More information available on www.groupe-gorge.com
 

Groupe Gorgé is listed on Euronext Paris and on the US OTC market in the form of ADR.

Euronext Paris:

Compartment B.

ISIN code: FR0000062671
Ticker code: GOE
 

US OTC market:

CUSIP NUMBER: 399451 103
ISIN NUMBER: US3994511034
Ticker Code: GGRGY / GGRGF
 

Contacts
Groupe Gorgé - Raphaël GORGÉ – Président Directeur Général - Tél. : 01 44 77 94 77 - E-mail : contact@groupe-gorge.com
Actus Finance - Anne-Pauline PETUREAUX - Relations Analystes/Investisseurs - Tél. : 01 53 67 36 72 - E-mail : apetureaux@actus.fr
Actus Finance – Jean-Michel MARMILLON - Relations Presse - Tél. : 01 53 67 36 73 - E-mail : jmmarmillon@actus.fr
 


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Full and original press release in PDF:
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