MONTUPET: Turnover up by 19.8% in Q2 2015 at 139.8 M EUR
Press release - Clichy, July 23 2015, 18:00
Turnover up by 19.8% in Q2 2015 at 139.8 M€
The Montupet Group has published today its turnover up to June 30, 2015.
In M€ - IFRS
2015
2014
Variation
1st quarter
132,2
122,4
8,0%
2nd quarter
139,8
116,7
19,8%
Total 1st half
271,9
239,1
13,7%
Over the first six months of 2015, Montupet Group turnover came to 271.9 M€, up by 13.7% (+6.0% at constant metal and exchange rates).
In the second quarter of 2015, the Group's growth accelerated significantly, as expected, to reach +19.8% (+10.2% at constant metal and exchange rates). That is more than twice the growth in the first quarter. Without the turnover generated by the resale of tooling, which had been carried over from the first quarter to the second, the growth for the quarter comes to +15.9%.
Turnover by region :
In M€ - IFRS
Up to June 30, 2015
Up to June 30, 2014
Variation
France
80.3
76.0
5.7%
Spain foundry
33.2
31.6
5.1%
United Kingdom (sub-group)
68.3
63.6
7.4%
Bulgaria
59.4
49.4
20.3%
Mexico
30.7
18.6
65.5%
TOTAL
271.9
239.1
13.7%
Apart from favourable exchange rates, the Q2/2015 performance stems primarily from the Mexican plant, showing an increase of turnover of 101.2% thanks to the rapid ramp-up of GM programmes, as had been expected.
The Bulgarian site, for its part, continues to experience strong dynamic growth with turnover up by 28.6% over the quarter (+21.5% at constant metal and exchange rates).
Outlook
On the heels of a solid first half and taking account of non cost-related items that continue to have a favourable effect, the Group confirms that it expects growth in activity and profit margins for the current year.
Furthermore, Montupet is engaged in a permanent process of improvement of the competitiveness of its sites. The rollout of the Group's productivity plans continues, with the active participation of all personnel, and with the aim of achieving the optimal distribution of loading between the Group's production sites.
By 2019, Montupet will have continued to consolidate its growth, thanks to its technological superiority, in an environment where the cylinder head will have become the key component in attaining the performance of new generation engines, meeting ever more demanding specifications.
Next publication : First-half 2015 results, September 16, 2015, after 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 2014, Group turnover came to 451,8 M€ with 3300 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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Full and original press release in PDF:
http://www.actusnews.com/documents_communiques/ACTUS-0-40811-Montupet_1st_half_year_2015_turnover.pdf
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