AGTA RECORD : First half-year sales 2017

AGTA RECORD : First half-year sales 2017

Solid growth in order intake – Confirmation of 2017 goals

Growth of order intake reached 7.1 % com­pared to the same period last year which allows the group to confirm its 2017 goals for sales growth (4 – 5 % excluding acquisi­tions) and EBITDA, the latter expected to improve over-proportionately.

Half-year sales (January – June) – unaudited

In EUR million
2017
2016
Change


First quarter
84.5
77.8
+8.6%


Second quarter
89.8
89.5
+0.3%


Total first half-year
174.3
167.3
+4.2%


Thereof maintenance
71.1
68.9
+3.2%


At constant exchange rates
175.3
167.3
+4.8%

While the first quarter of 2017 includes 3.5 % growth in sales acquired via the HPDS transaction in the U.K. (consolidated since April 2016), the second quarter was impacted by fewer working days, the weakness of the British Pound and an increase in work-in-progress.

The full result of the first half-year is expected to benefit from better gross mar­gins and tight management of structure cost.

The brighter economic outlook and the end of the restructuring efforts in the French and U.K. operations are anticipated to support the profitability of the second half-year.

Next media release: Half-year results on 11 September 2017 (after trading).

About agta record
Contact


Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how.

The Group's extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.

Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 17 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209

 
agta record

Hubert Jouffroy – Chairman of the Board

Tel. + 33 6 07 44 56 12

Email: shareholders@agta-record.com

Web: shareholders.agta-record.com

 

ACTUS finance & communication

Amalia Naveira – Investor Relations

Tel. + 33 4 72 18 04 90

Source: Actusnews