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  SERGE FERRARI company press release from 25/04/2018

  25/04/2018 - 17:45

FIRST QUARTER 2018 REVENUES UP 7.2%



SergeFerrari Group (FR0011950682) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.

 
Revenue breakdown by region (unaudited)

 €000 Q1 2018 Q1 2017 Change 
Southern Europe (SEUR) 15,761 14,520 +8.5%
Wide Europe (WEUR) 12,180 12,969 -6.1%
Rest of World (ROW) 7,841 8,768 -10.6%
Serge Ferrari materials 35,782 36,257 -1.3%
Other operations 1,652 1,690 -2.2%
Acquired operations (1) 7,801 4,180  
<Interco sales> -1,494 -1,333  
Total revenues 43,741 40,794 +7.2%

(1) Giofex, Ferramat, Milton, Plastitex


First quarter 2018 Serge Ferrari materials like-for-like revenues rose 0.9% year-on-year. Exchange rate movements resulted as expected in reducing revenues by 2.2%.

Serge Ferrari materials sales price hikes since January 1, 2018 improved the sales mix and boosted sales by 2.4%.

Southern Europe resumed sharp revenue growth while Wide Europe and Rest of World revenues came in down following a surge in Q4 2017 revenues of 12.6% and 15% respectively.

Acquisitions increased total revenues by 7.8%.


Outlook


Having successfully completed its sales organization, the Group expects sharp growth in Serge Ferrari materials Q2 2018 like-for-like revenues.

Under its SF2020 plan, the Group reaffirms its strategy to combine organic growth with acquisition-driven growth.


April 17, 2018 General Meeting


The shareholders' General Meeting held at Company's headquarters voted through all draft resolutions submitted to it as recommended by the Board of Directors.

It also ratified the appointment of a new director, namely Mr Bertrand Chammas. The Board of Directors is now comprised of ten members.

The General Meeting approved payment of a dividend amounting to eight euro cents per share on May 17, 2018.


Calendar


Q2 2018 revenues published July 26, 2018 after market close.



ABOUT SERGE FERRARI


SergeFerrari Group designs, makes and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €6 billion. The unique characteristics of these products make them ideal for technical applications in three fields: architecture, specialties for industry professionals, and composite membranes for the consumer market. The Group's principal competitive advantage lies in its differentiating technology – Précontraint® - and its associated proprietary industrial know-how. The Group has three production sites: one in France and two in Switzerland. Serge Ferrari is present in 80 countries through eight subsidiaries (in the US, Japan, Hong Kong, Brazil, India, China, Turkey and Germany), 2 representative offices (in Spain and Dubai) and a network of more than 100 distributors. At the end of 2017, Serge Ferrari posted consolidated revenue of €172 million of which 75% was achieved outside France. The company SergeFerrari Group is listed on Euronext Paris – Compartment C (ISIN code: FR0011950682). The SergeFerrari Group share is eligible for PEA-SME and FCPI Investment.

www.sergeferrari.com

Contacts
Serge Ferrari
Philippe Brun
Chief Financial Officer
investor@sergeferrari.com
Actus Lyon: Investor & Press contac
Amalia Naveira | Marie-Claude Triquet
+ 33 4 72 18 04 93
anaveira@actus.fr | mctriquet@actus.fr