Six-month total sales: EUR 25.5 million
Significant points for first half year period:
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Printing Activity remains at a satisfactory level
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Home Décor activity marked by an unfavourable n-1 base effect
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Hardware market on standby
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Continued investment in innovation
Consolidated sales – first six months (April1 – September 30, 2014)
| April 1– September 30, 2014 | Q2: July 1 – September 30, 2014 | ||||||||
| Non audited | 6 Months | 6 Months | 3 Months | 3 Months | |||||
| In € million | 2014/2015 | 2013/2014 | Var. €M | Var.% | Q2 14 | Q2 13 | Var. €M | Var.% | |
| Printing Activity | 14.41 | 14.92 | -0.51 | -3.4% | 7.33 | 7.34 | -0.01 | -0.1% | |
| Hardware Activity | 11.08 | 10.85 | 0.23 | +2.1% | 4.03 | 5.29 | -1.26 | -23.9% | |
| Total 6 months | 25.49 | 25.77 | -0.28 | -1.1% | 11.36 | 12.63 | -1.27 | -10.1% | |
| Total constant currencies | 25.79 | 25.77 | 0.02 | +0.1% | 11.43 | 12.63 | -1.20 | -9.5% |
With constant currencies, Sales stand at €25.79 million, mainly due to fluctuations of the South African Rand (-10.7%) and the CAD (-6%) while the GBP is up 6%.
Compared to Q1, activity is down 19.7% but up 4.8% compared to Q2 n-2.
Excluding Home Décor, Printing Activity is down 1.6% for the period at €11.01 million and 0.6% for the second quarter at €5.45 million. Activity in Spain and in England is down, while in France, Canada and South Africa (excluding currency effect) activity continues to progress. In a context of poor economic growth, clients remain cautious.
Home Décor at €5.22 million (€6.12 million in n-1) is down 15% for the period (-21% for Q1 and – 8.6% for Q2). Sales levels for the first half year 2013/2014 are however high, up 4.4% on n-2 figures.
Hardware sales (excluding Home Décor) are up 9.5% for the period at €9.27 million. Q2 activity is down 24% due to an unfavourable base effect (for n-1, activity was up 37.4%).
Outlook
On September 30, 2014 order backlog, mainly for hardware, stands at €4.8 million.
In October Distec, our German company, signed a purchase agreement that should lead to scrollers orders in Russia for around € 3.3 million.
A number of price quotations are standing for decision mainly for LED displays and street furniture.
First orders for 2m and 8 m2 billboards integrating our bluetech technology have been received.
Our equity partnership in china is moving. The shareholder agreement is signed; companies registration and lease agreement are underway. Production start is planned for Q2 2015.
In line with the group's mid-term strategy, Prismaflex International continues the development of innovative products and remains confident in its capacity to improve the mid-term order backlog.
Next press release:
6-month results: November 27, 2014 after closure – Conference call November 28, 2014 at 10am.
PRISMAFLEX INTERNATIONAL
Outdoor Advertising solutions manufacturer and wide format digital printing
ISIN: FR0004044600-PRS - Reuters: PRS.PA – Bloomberg: PRS FP
NYSE-Euronext Paris – Compartiment C
www.prismaflex.com
Contacts:
Emmanuel Guzman - CFO - phone: +33 (0)4 74 70 68 00 – [email protected]
Amalia Naveira – Analysts/Investors contact - phone: +33 (0)4 72 18 04 92 – [email protected]
Marie-Claude Triquet – Press contact – phone: +33 (0)4 72 18 04 93 - [email protected]
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Communiqué intégral et original au format PDF :
http://www.actusnews.com/documents_communiques/ACTUS-0-37582-PRI-161014-CA-T2-14-15-GB.pdf
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