RESULTS FOR THE 1st HALF 2019
Turnover = €90.6 M, +19.8% (+13.1% at constant exchange rate and perimeter)
EBITDA (1) = €5.4 M, +18.5%
SOGECLAIR, designer and manufacturer of innovative high added-value solutions for the aerospace and transport sectors, announces today its financial results for the 1st half ended June 30th 2019.
The activity for the 1st half was very dynamic, driven by a leap forward of the simulation division at +55.1% (with +19.7% at constant exchange rate and perimeter), the strong dynamic of the aerospace division at +15.1% (with +12.3% at constant exchange rate and perimeter) and the increase of 5.6% of the vehicle division.
? As announced at the time of the SYDAC acquisition in August 2018, the simulation division temporary supports an exceptional loss of -€1000k in operational result of which -€600k in EBITDA linked to SYDAC. The return to a position of financial balance is confirmed by the end of the year 2019.
? The aerospace division benefits from a particularly dynamic activity on the H1.
SOGECLAIR reminds that the IFRS 16 standard relating to leases has been applied since the 1st half of 2018, the gearing is thus at 57.8%. It should be noted that over the period the purchase of the minority shares in the aerospace in Canada as well as those of the vehicle. Today, SOGECLAIR owns 100% of the vehicle and of North American subsidiaries of the aerospace division.
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