FIRST QUARTER 2016 REVENUES
Flexible composite materials up 11.2%
SergeFerrari Group (FR0011950682) creates, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.
Saint Jean de Soudain, April 28, 2016
Regional breakdown in revenues (unaudited)
(€000)
Q1 2016
Q1 2015
Ch. 2016 vs. 2015
Southern Europe (SEUR)
14,905
13,652
+9.2%
Wide Europe (WEUR)
12,138
12,160
-0.2%
Rest of World (ROW)
10,013
7,516
+33.2%
Total flexible composite materials
37,056
33,328
+11.2%
Other products
1,758
1,958
-10.2%
Total revenues
38,814
35,286
+10.0%
The first quarter increase in flexible composite material sales was mainly due to an increase in volumes (up 12.8%), further impacted by a 0.2% currency gain and a -1.8% product mix effect.
Outlook
The Group continues to roll out its sales development strategy: the sales headcount increased from 139 to 143 between December 31, 2015 and March 31, 2016. On April 1, a promotion company named Serge Ferrari India Private Ltd was launched in India in partnership with the Group's traditional local distributors. The Group has confirmed its 2018 target of €215 million in revenues and a 15% EBITDA margin.
April 25, 2016 General Meeting
At the General Meeting held on April 25, 2016, the shareholders approved a dividend of €0.12 per share, to be paid out on May 23, 2016.
The shareholders reappointed Karine Gaudin and Sébastien Ferrari as directors and ratified the appointment of Christophe Graffin as requested by Bpifrance. At a Board meeting held just after the close of the General Meeting, Sébastien Ferrari was appointed Chairman and Chief Executive Officer of SergeFerrari Group SA.
Calendar
Q2 2016 revenues, July 11, 2016 after market close.
Find all Company details at www.sergeferrari.com.
SERGE FERRARI CONTACT
Philippe Brun
Chief Financial Officer, Board Member
investor@sergeferrari.com
INVESTOR & PRESS CONTACT
Amalia Naveira/Marie-Claude Triquet
Actus Lyon
Tel.: 00 33 4 72 18 04 93
anaveira@actus.fr/mctriquet@actus.fr
Serge Ferrari posted consolidated revenue of €148,4 million of which 75% was achieved outside France. 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.
Information financière trimestrielle :
- Information financière du premier trimestre
Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-44015-SEFER-280416-CA-T1-16-GB.pdf
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Quelle: Actusnews