Consolidated 2021 1st quarter turnover: -33.7% at €28.7M
At constant scope and exchange rates*: - 28.7%
SOGECLAIR, designer and manufacturer of innovative high added-value solutions for the mobility, today announces its turnover for the 1st quarter 2021, ending on March 31st 2021. The turnover decreases by 28.7% at constant scope and exchange rates, taking into account a high base effect in the 1st quarter of 2020 pre-Covid-19.
* The change variations over the period represent €0.7M against €0.3M in 2020
The scope variations over the period represent €-2.1M.
Aerospace division (74.7% of the turnover) decreases by 36.7% and by 30.7% at constant scope and exchange rates. The evolution in scope concerns the German subsidiary that exited in December 2020, the new-company in Germany restarted in March 2021 in a much reduced form.
Simulation division (24.3% of the turnover) decreases by 24.4% under the base effect linked in 2020 to an amount of purchases on business that is more than €2M higher than in Q1 2021. The Oktal-Sydac subsidiary, which represents just under 50% of the division, was the target of a cyber-attack in early April. The measures put in place allow us to anticipate a gradual return to normal situation during May.
Vehicle division (0.9% of the turnover) increases by 83% under a base effect linked to very weak activity in Q1 2020.
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