PRISMAFLEX INTERNATIONAL : First 6-months results - September 2009 - Total Sales 18.02 MEuros

le
0

Significant points for first half year period:

Total sales for period down 26% on previous 6-month period; Hardware activity affected by reduced orders at the end of 2008 and start 2009; Accentuated seasonal weighting during summer months; Order book indicators on upward trend.

Consolidated Sales first 6-months (April 1st - September 30th 2009)

(unaudited) 2009/2010 2008/2009 Variation M¤ Var. %
Printing Activity 10.31 12.36 -2.05 -16.6%
Hardware Activity 7.71 16.10 -8.39 -52.1%
Total 6 Months 18.02 28.46 -10.44 -36.7%

Total sales - constant currencies 18.03 M¤.

Excluding Home Décor, Printing at 8.4 M¤ down 12%, due mainly to the bleak economic situation over the summer period and depressed English and Spanish markets.

Home Décor sales, following several months on the up, are down at 3.1 M¤ (-32%) with variations in purchase behaviour in POP market and a clear will to reduce stocks. An upturn in orders is expected in October.

As forecasted, Hardware activity (excluding Home Décor) at 6.5 M¤ has fallen sharply (-55%), but is in line with second 6-month 2008/2009 figures. This fall concerns the complete product range.

Outlook

As expected, our backlog for September 30th 2009, mainly made up of "hardware" orders, is slightly up at 6.1 M¤ against 4.3 M¤ on March 31st 2009.
The action plan to remain competitive presented with the publication of the annual results has been implemented according to the objectives announced.
Prismaflex International signed an agreement for the consolidation and rescheduling of its debt on September 30th 2009.

The level of activity for the period will impact the accounts as of September 30th 2009.

6-month results 2009/2010 will be released on Monday 30th November, 2009, after closure.

PRISMAFLEX INTERNATIONAL
Outdoor Advertising solutions manufacturer and large format digital printing
ISIN : FR0004044600-PRS - Reuters : PRS.PA - Bloomberg : PRS FP
Eurolist by Euronext Paris - Compartiment C
www.prismaflex.com

Contacts:
PRISMAFLEX INTERNATIONAL
Emmanuel Guzman / CFO - Phone: 04 74 70 68 00 - finance@prismaflex.com
ACTUS Lyon
Amalia Naveira - analysts/investors contact - Phone: 04 72 18 04 92 - anaveira@actus.fr
Marie-Claude Triquet - press contact- Phone: 04 72 18 04 93 - mctriquet@actus.fr

Information réglementée
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-0-17612-cp_prismaflex_en_151009.pdf © Copyright Actusnews Wire
Recevez gratuitement par email les prochains communiqués de la société en vous inscrivant sur www.actusnews.com
Receive by email the next press releases of the company by registering on www.actusnews.com, it's free

Valeur associée
  Libellé Bourse Dernier Var. Vol.
Vous devez être membre pour ajouter des commentaires.
Devenez membre, ou connectez-vous.
Aucun commentaire n'est disponible pour l'instant