PRISMAFLEX INTERNATIONAL : Fiscal year 2008/2009 - 9-month results: 42.91 MEuros
Significant point for 3rd Quarter:Significant negative impact of foreign currency movements Continuation of Street Furniture recovery package (production optimisation) Strong stance despite global economic difficulties
YTD Consolidated Sales (April 1st 2008 -December 31st 2008)
|9 months||9 months|
|M€ (non audited)||2008/2009||2007/2008||Variation M€||%|
|Total 9 months||42.91||46.05||- 3.14||-6.8%|
|Total (constant currencies)||45.26||46.05||-0.79||- 1.7%|
Excluding foreign currency fluctuations, Printing Activity down by -5.1% while Hardware up +1.1%.
Q3 consolidated sales stand at 14.4 M€ compared to 16.5 M€ the previous year, a drop of 12.4%. Excluding foreign currency fluctuations, this represents a drop of between 8% and 9% for both activities.
Over the 9-month period, Printing (excluding Home Décor) at 14.2 M€, is down by around 12% due to currency movements and a particularly difficult economic situation in Spain and Great Britain.
Home Décor sales remain stable, at 7.2 M€, compared to 7.8 M€ the previous year which were achieved thanks to the launch and sale of new products.
Hardware Activity (excluding Home Décor) down 3% at 21.4 M€.
Three-message sign sales are down 12.5% at 7.5M€. In accordance with the Street Furniture recovery plan, sales are down 15% at 3.7M€. Other advertising sign sales are up by around 7.5% to reach 10 M€ and reflect the development of the Australian subsidiary.
On 31st December 2008, orders stood at 6.3 M€ compared to 7.7 M€ on 30th November 2008. For the current quarter, the Group anticipates a slowdown in activity (remembering that Q4 2007-2008 sales benefitted from exceptional 2.1 M€ LED sales). The Group has taken the necessary measures to adapt to the current economic situation.
Prismaflex International, which is in a healthy financial situation (0.59 gearing ratio on 31st September 2008), will continue its efforts to streamline and improve its activities with:The finalization of the Street Furniture restructuring programme to bring it to breakeven by next financial year. The development of economical and innovative printing solutions. The first orders for GRAPH'IT, the Group's new generation of glue-free posting solutions, have recently been taken.
Next press release: Annual Sales figures 13th May, 2009PRISMAFLEX INTERNATIONAL
Outdoor Advertising solutions manufacturer and large format digital printing
ISIN : FR0004044600-PRS - Reuters : PRS.PA - Bloomberg : PRS FP
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