Actusnews Wire - Diffuseur professionnel d'information corporate et réglementée, autorisé par l'AMF et le CSSF.

  Communiqué de la société PRISMAFLEX INTERNATIONAL du 22/01/2019

  22/01/2019 - 18:30

2018/2019 9-month sales at EUR 36.3 million : Strong Printing activity and Delays in invoicing for hardware


Significant points:

  • Q3 printing activity is strong (+7,3%), notably due to the integration of FPI. Over a 9-month period activity is on the up.
  • Hardware activity continues to be impacted by delays in delivery of LED products.
  • Anthem Displays confirms its potential with total sales for Q3 alone of €2.0 million (€4.0 million since the beginning of the year).
  • On December 31, 2018, order backlog stands at €9.1 million, close to September 2018 levels.

 

YTD consolidated turnover (April 1, 2018 – December 31, 2018)

April 1, 2018– December 31, 2018   Q3 : Oct 1 – Dec 31, 2018
Non audited 9 Months 9 Months       3 Months 3 Months    
In € million 2018-2019 2017-2018 Var. €M Var. %   Q318/19 Q317/18 Var. €M Var. %
Printing 23.07 22.79 +0.27 +1.2%   8.16 7.61 +0.55 +7.3%
Hardware 13.18 17.00 -3.82 -22.5%   4.48 7.89 -3.41 -43.2%
Total 9 months 36.25 39.79 -3.54 -8.9%   12.64 15.50 -2.85 -18.4%
Total sales at constant currencies 36.53 39.79 -3.26 -8.2%   12.66 15.50 -2.83 -18.3%

The foreign currency impact for the period is mainly due to fluctuations in the South African Rand and USD and CAD.

 

For the period, Printing activity, with the integration of FPI (consolidated as of November 1, 2018) that accounts for €0.50 million for the period, confirms its positive performance with overall growth at +7.3%. For the 9-month period, Printing is up slightly +1.2%, at €23.07 million despite an unfavourable currency effect of - €0.21 million. Home Décor activity represents €4.10 million of this performance.

On a hard-to-match comparison base, Hardware activity continues to be penalised by a generally morose economic situation in Europe and more particularly in France that encourages a client wait-and-see attitude. The delivery of a major order worth several million Euros to Germany, initially scheduled for S1 is still on hold and could figure in next year's results. In the United States, Anthem Displays generated €2.0 million total sales (€1.8 million for LED), partly due to the recovery of sales backlog. The company's total sales have doubled since the beginning of the year.

 

Outlook

On December 31, 2018, order backlog, mainly for hardware, stood at €9.1 million. Considering the delays in sales the Group will generate an operational loss at the end of the year (March 2019). Prismaflex International however remains confident in its 2019-2020 growth and profitability prospects (Year-end March 2020). In order to break even in operational terms, operating costs in France need to be optimised. In addition, the Group will continue to monitor the successful integration of recent acquisitions in the United States and France.

 

Next press release: 2018/2019 annual sales figures, May 14, 2019 after closure.

 

PRISMAFLEX INTERNATIONAL
OUTDOOR ADVERTISING SOLUTIONS MANUFACTURER AND WIDE FORMAT DIGITAL PRINTING
ISIN : FR0004044600-ALPRI - Reuters : ALPRI.PA – Bloomberg : ALPRI.FP
EURONEXT GROWTHTM
www.prismaflex.com
 

 

Contacts :

Luc Cormoreche – CFO - Phone: +33 (0)4 74 70 68 00 – finance@prismaflex.com

Amalia Naveira – Marie-Claude – Analysts/investors/press contacts 

Phone: +33 (0)4 72 18 04 93 – anaveira@actus.fr / mctriquet@actus.fr


This publication embed "Actusnews SECURITY MASTER".
- SECURITY MASTER Key: lm5tYMWaZW6amJuaksdoa2hol2hnl5TJZZWdmmhpY8zJmmpjxmZibMfIZm5nnG5q
- Check this key: https://www.security-master-key.com.



  Original Source : PRISMAFLEX INTERNATIONAL