SERGE FERRARI : 2015 NET INCOME UP 10.6%

le
0

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

Saint Jean de Soudain, March 14, 2016

(€000) 2015 2014 Change
Revenues 148,398 142,324 +4.3%
EBIT 8,030 8,493 -5.5%
Net income 4,795 4,334 +10.6%
       
Net cash and cash equivalents 20,846 17,461 +19.4%
Working capital (% of sales) 35.4% 37.0% -160 bps

 

Results (audited)
2015 revenues grew by 4.3% compared to 2014. Regarding flexible composite materials (up 5.2% compared to 2014), volumes sold increased by 4.5%, while currency gains contributed 2.7% to revenue growth; in contrast, the mix/price effect reduced it by 2.0% in 2015.
As part of its development plan, the Group continued to invest in sales via staff recruitment and hiring and training expenditure. The EBITDA margin accordingly decreased from 12.2% of revenues in 2014 to 10.7% in 2015.
Foreign exchange differences for the year are reflected in operating income, with a net currency loss estimated at €2.2 million related to movements in the Swiss franc versus the euro. In contrast, the gain resulting from the appreciation of the dollar is estimated at €2.5 million.
Net income amounted to €4.8 million, up 10.6% over 2014.

Financial position
As of December 31, 2015, working capital improved to 35.4% of revenues from 37% in 2014. Group net cash and cash equivalents increased by €3.4 million to €20.9 million as of December 31, 2015.

Dividend
The Board of Directors will propose a dividend of €0.12 per share to the General Meeting, to be paid out on May 23, 2016.

Outlook
SergeFerrari Group has confirmed its 2018 target of €215m in revenues and a 15% EBITDA margin: Group revenues (unaudited) for the first two months of 2016 were up 15.6% compared to the same period last year.

Calendar
General Meeting: April 25, 2016, 11am, Lyon.
Q1 2016 revenues: April 28, 2016 after market close.

 

Find all Company details at www.sergeferrari.com.

 

SERGE FERRARI CONTACT
Philippe Brun
Chief Financial Officer, Board Member
investor@sergeferrari.com
INVESTOR & PRESS CONTACT
Amalia Naveira/Marie-Claude Triquet
Actus Lyon
Tel.: 00 33 4 72 18 04 93
anaveira@actus.fr/mctriquet@actus.fr

About Serge Ferrari

Serge Ferrari Group designs, makes and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €31 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 four subsidiaries (in the US, Japan, Hong Kong, Brazil), 5 representative offices (in Spain, Turkey, China, Singapore and Dubai) and a network of more than 100 distributors. At the end of 2015, Serge Ferrari posted consolidated revenue of €148,4 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.

SergeFerrari Group is listed on Euronext Paris - Compartment C


Information réglementée
Communiqués au titre de l'obligation d'information permanente :
- Communiqué sur comptes, résultats, chiffres d'affaires
Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-43421-cp-serge_ferrari-140316.pdf

Si le fichier PDF ne s'affiche pas ou pour le télécharger, cliquez ici.

Pour consulter le fichier PDF en intégralité, cliquez ici.

Pour visualiser les documents au format PDF, vous pouvez télécharger gratuitement Acrobat Reader XI.


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