MONTUPET: First quarter 2014 turnover
Press release - Clichy, April 24 2014, 18:00
First quarter 2014 turnover up by 9,7%
Confirmation of targets for growth in 2014
The Montupet Group, specialist in cast aluminium alloy parts destined for the automotive industry, has published today its turnover up to March 31, 2014.
in M€ - IFRS
1st quarter 2014
1st quarter 2013
Variation
France
38,58
32,38
+19,2%
Spain
16,16
16,52
-2,2%
United Kingdom
33,77
32,20
+4,9%
Bulgaria
24,71
20,09
+23%
Mexico
9,18
10,36
-11,4%
Total
122,41
111,55
+9,7%
Montupet has generated a turnover of 122,4 M€, up by 9,7% (or +11,1% at constant metal and exchange rates) for the first quarter of 2014.
As expected, after a relatively calm start of the year with growth at 3%, March saw an acceleration in activity which was up by 24% compared with the previous year. Turnover benefited especially from a pickup in activity in France, and a continually favourable context in Bulgaria. Following on from 2013, low cost areas make up 55,3% of the consolidated turnover. In parallel, the Group has maintained its efforts aiming to improve productivity across all production sites. Margins are therefore expected to be much higher, as profitability is highly sensitive to an increase in volume.
In the light of this strong first-quarter performance, Montupet confirms its targets for 2014, associating two-digit growth with further improvements in profitability.
Next publication : First-half 2014 turnover, July 24, 2014 after the closure of the markets.
About Montupet
The Montupet Group specialises in the design and production of highly-stressed cast aluminium components, principally for automotive applications. Since 1987, the Group has pursued a strategy of international development, resulting in a world-wide presence with seven production sites in France, Spain, Northern Ireland, Bulgaria, Mexico and India. Montupet is today a key supplier to global automotive manufacturers such as Renault-Nissan, VW-Audi, BMW, GM and Ford. In 2013, Group turnover came to 420,7 M€ with 3132 employees throughout the world.
Montupet is quoted in Compartment B on the Euronext Paris stock exchange and is eligible for the French PEA and PEA-PME investment products.
Montupet is part of the Next 150, CAC Mid & Small and CAC Small indices and is eligible for SRD « Long-only ».
ISIN code: FR0000037046 - Mnemo : MON - Bloomberg : MON:FP - Reuters : MNT.PA
Contact
Marc Majus, Deputy CEO
E-mail : m.majus@montupet.fr - Tél. : +33 (0)1 47 56 47 56
More on www.montupet.fr
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