Montupet: 2013 turnover up by 5,2%
Press release - Clichy, January 27, 2014 18:00
2013 turnover up by 5,2%
Montupet, specialist in cast aluminium alloy components destined for the automotive industry, has today published group turnover for the full year 2013.
The year was marked by acceleration of growth in the fourth quarter
| in M€ - IFRS | 2013 | 2012 | Variation | Variation with constant metal and exchange rates |
| 1st quarter | 111,5 | 106,5 | +4,8% | +4,7% |
| 2nd quarter | 110,8 | 108,8 | +1,9% | +3,0% |
| 3rd quarter | 93,2 | 90,7 | +2,8% | +5,1% |
| 4th quarter | 104,6 | 93,6 | +11,7% | +13,7% |
| TOTAL - 12 months | 420,2 | 399,5 | +5,2% | +6,4% |
Concerns only on-going activity (IFRS 5)
In the context of 3,9% growth in the global automotive market in 2013, Montupet Group's turnover was up by 5,2% at 420,2M€ in the same period, or 6,4% at constant metal and exchange rates.
The turnover for the final quarter in 2013 came to 104,6M€, up by 11,7% compared with the same period in 2012 (+13,7% at constant metal and exchange rates). This performance can be explained in part by Montupet's growing importance as a supplier to car makers outside France, but also by favourable fundamentals as performance in Q4 2012 was hampered by poor sales by the French car makers.
Growth spurred on by production in « low-cost » areas
| in M€ - IFRS | 2013 | 2012 | Variation |
| France | 128,0 | 135,1 | -5,2% |
| Spain | 59,0 | 62,8 | -6,1% |
| United Kingdom | 119,2 | 93,9 | +26,9% |
| Bulgaria | 75,6 | 62,9 | +20,1% |
| Mexico | 38,5 | 44,9 | -14,3% |
| Total | 420,2 | 399,5 | +5,2% |
Growth for the Group remains particularly strong in « low cost » production areas (+15,6%), which generate 55,5% of overall turnover as compared with 50,5% one year earlier. Thanks to a combination of a favourable geographical mix and gains in productivity made across all the Group's production sites, profit for the second half of 2013 is expected to be significantly higher than in the same period in 2012, thus eliminating the effect of seasonality that is generally observed between the first and second halves of the year.
A positive outlook
Montupet is therefore well armed to pursue further growth, while at the same time improving profitability.
With a strong position as supplier to most of the world's major car manufacturers, present in all emerging growth markets, Montupet looks forward to 2014 with enthusiasm and expects a further increase in activity in line with Q4 2013. This growth will be mainly at the most profitable production sites against a backdrop of a global automotive market expected to grow by at least 3,5% according to the most recent estimations.
Next Press release: 2013 annual results , on March 25, 2014 after market closure.
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 2012, Group turnover came to 399,5 M€ with 3034 employees throughout the world.
Montupet is quoted in Compartment C 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 : [email protected] - Tél. : +33 (0)1 47 56 47 56
More on www.montupet.fr
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