Six-month total sales: EUR 25.5 million
Significant points for first half year period:
Printing Activity remains at a satisfactory level
Home Décor activity marked by an unfavourable n-1 base effect
Hardware market on standby
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 – finance@prismaflex.com
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
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http://www.actusnews.com/documents_communiques/ACTUS-0-37582-PRI-161014-CA-T2-14-15-GB.pdf
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