Q1 Turnover 2016/2017 - Total Sales at EUR 11.93 million
Significant points for 1st quarter:
Hardware activity is down. Significant N-1 base effect. A number of important tenders have recently been submitted and the Group is awaiting the results
Home Décor activity on the down; Unfavourable impact of the launch of new product lines by a key customer
Printing activity is buoyant and stands at +9.2% incorporating the adverse impact of exchange rate fluctuations
Q1 consolidated sales
Q1: April 1 – June 30 2016
Non audited
3 months
3 months
In €M (estimated)
2016/2017
2015/2016
Var. €M
%
Printing Activity
7.89
7.27
0.62
8.5%
Hardware Activity
4.04
6.22
-2.18
-35.1%
Total T1
11.93
13.49
-1.56
-11.6%
Total constant currencies
12.41
13.49
-1.08
-8.0%
The foreign exchange impact is mainly due to a sharp drop in the value of the South African Rand (21%) and to a lesser extent the fall in value of the Canadian Dollar against the Euro.
Prismaflex International Q1 2016/2017 sales stand at €11.93 million, down 11.6% (-8% at constant currencies) and can be analysed as follows:
Unfavourable base effect on Hardware; the German and US subsidiaries performed extremely well during the same period in N-1;
Last year S1 sales in Russia were high, whereas the Russian market is today depressed;
A drop in orders for Home Décor products from a key customer coupled with the launch of new product lines. The situation is expected to improve in S2.
Excluding Home Décor, Printing activity at €6.26 million (€5.74 million in N-1) is significantly up 9.2% at current exchange rates and +15.8% at constant currencies. Activity in South Africa and France is particularly good while sales in Canada are down.
Home Décor at €1.67 million is down for the period (€2.41 million in N-1), and the trend is forecast to continue into Q2 until our key customer has fully replaced its product lines.
Hardware activity (excluding Home Décor) stands at €4.0 million (€5.35 million in N-1). LED sign sales are stable at €1.16 million and a significant number of major projects are at the negotiation stage.
Outlook
On June 30, 2016, order backlog, essentially for hardware stands at €5.3 million (€5.4 million in n-1) with a number of significant orders for the German zone.
In 2016, one of the Group's key challenges will be the acceleration in the change of its business model with a strong focus on digital products.
The Annual Shareholders' Meeting will take place on September 29, 2016 in Saint Clément les Places (69930) at 2.30pm. Next press release: Q2 sales, October 20, 2016 after closure.
Contacts:
PRISMAFLEX INTERNATIONAL
Emmanuel Guzman - CFO - phone: +33 (0)4 74 70 68 00 – finance@prismaflex.com
ACTUS Lyon
Amalia Naveira – Analysts/Investors contact - phone: +33 (0)4 72 18 04 92 - anaveira@actus.fr
Marie-Claude Triquet – Press contact – phone: +33 (0)4 72 18 04 93 - mctriquet@actus.fr
PRISMAFLEX INTERNATIONAL
OUTDOOR ADVERTISING SOLUTIONS MANUFACTURER AND WIDE FORMAT DIGITAL PRINTING
ISIN : FR0004044600-ALPRI - Reuters : ALPRI.PA – Bloomberg : ALPRI.FP
ALTERNEXT Paris
www.prismaflex.com
Regulated information
Releases under ongoing disclosure requirements:
- Permanent Information Releases, sales and Revenues
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-45036-PRI-200716-CAT1-16-17-GB.pdf
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Quelle: Actusnews