Consolidated turnover up by +8.2% (International up by +9.7%)
Net result: +7.4%
SOGECLAIR, designer of innovative, high added-value solutions and products for the aerospace and transport sectors, announces today its financial results for the year ended December 31st 2018.
The year is marked by:
? SYDAC acquisition (Australia, India, UK) specialized in railway simulation and road transports which represents the 1st SOGECLAIR establishment in Pacific Asia.
? The purchase of minority shares in Canada.
? Management strengthening.
? A second half showing strong growth in term of turnover and results.
The Board of Directors, meeting on March 15th 2019, closed the annual accounts for 2018. The audit procedures have been accomplished on the annual accounts.
The growth comes to +8.2% (5.8% at constant perimeter) with a strong increase at the 2nd half at +14.8% (10% at constant perimeter). The turnover at constant perimeter is deducted from the share generated by the companies acquired in 2018 representing 3.6 €M.
To point the very good performances of:
? Simulation: +37%
? America: +17%
? Products: +16%
? Aerospace activity at 134.7 €M at +5.4% is continuing its long term growth (+44% in 5 years).
? Simulation at 21.7 €M accelerate at +37% of which +14% at constant perimeter (+122% in 5 years).
? Vehicule at 3 €M in decline of 19% due to a 2017 base effect at +141% (+76% in 5 years).
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