SERGE FERRARI : SECOND QUARTER 2015 REVENUES UP 7%

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

Saint Jean de Soudain, July 10, 2015.

The increase in revenues in Q2 2015 is equally the result of growth in volumes combined with an improvement in the product mix, and a favorable exchange rate impact of foreign currencies against the euro. 


Regional breakdown of revenues (unaudited)

(€000) Q2 2015 Q2 2014 Change H1 2015 H1 2014 Change
Southern Europe (SEUR) 15,845 15,142 4.6% 29,497 28,018 5.3%
Wide Europe (WEUR) 15,188 15,265 -0.5% 27,348 27,198 0.6%
Rest of World (ROW) 10,718 8,650 23.9% 18,234 16,623 9.7%
Total flexible composite materials 41,751 39,057 6.9% 75,079 71,839 4.5%
Other products 1,956 1,809 8.1% 3,914 4,003 -2.2%
Total revenues 43,707 40,866 7.0% 78,993 75,842 4.2%


Ongoing roll-out of the development plan

The Group continues to hire sales staff, increasing the headcount from 122 at the end of 2014 to 125 as of June 30, 2015. This number is set to reach 140 by the end of the year, in line with the development plan.

The showroom opened in February 2015 has received an excellent response from specifiers, architects and engineering firms, and confirms the merits of using an exhibition and promotional space in Paris to showcase Serge Ferrari's latest products.


Reporting of H1 2015 earnings

SergeFerrari Group will publish its H1 2015 earnings on September 2, 2015 after close of trading.


2015 outlook

SergeFerrari Group is targeting further growth in its revenues and profit margins.





Find all Company details at www.sergeferrari.com




 

SERGE FERRARI CONTACT
Philippe Brun
Chief Financial Officer
investor@sergeferrari.com
INVESTOR/MEDIA 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 2014, Serge Ferrari posted consolidated revenue of €142,3 million of which 75% was achieved outside France, with 605 employees. 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
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