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Sogeclair : Financial results for the first half of 2017

(September 13, 2017)

S1.2017: GOOD ECONOMIC PERFORMANCE

+9.75% TURNOVER GROWTH TO 74.34 M

CREATION OF NEW SUBSIDIARIES

SOGECLAIR, the designer of innovative high added-value solutions and products for the aerospace and transport sectors, reports its financial results for the first half of 2017, ending on June 30th 2017.

The 9.75% turnover increase, boosted by the Product's activity, concerns all the divisions (Aerospace: +6% / Simulation: +35% / Vehicle: +111%).

The economic performance is good, with an EBITDA standing at 4.77 M (+24%) and an EBIT of 2.64 M (+95%). The net result of 1.22 M is stable with a tax expense of 0.49 M against an 0.19 M tax benefit during the 1st semester 2016.

The gearing gets noticeably better, moving from 37% on June 30th 2016 to 24% on June 30th 2017.

(M) H1 2016   H1 2017   Variation
Turnover 67,73   74,34   +9,75%
International 35,89   39,62   +10,38%
EBITDA (1) 3,85   4,77   +24,03%
as % of turnover 5,7%   6,4%    
Operating result 1,36   2,64   +94,58%
as % of turnover 2,0%   3,5%    
Net result 1,23   1,22   -0,65%
Including group share 1,16   1,02    

(1) operating result - other operating income and charges + amortization expenses and operating provisions

Publication of the results was authorised by a board meeting held on 8 September 2017. Any apparent differences regarding the figures are due to rounding-off.

The breakdown per activity is summarized hereunder.

  AEROSPACE   VEHICULIER   SIMULATION   HOLDING   GROUP
(K) H1 2016 H1 2017   H1 2016 H1 2017   H1 2016 H1 2017   H1 2016 H1 2017   H1 2016 H1 2017
Turnover 60,882 64,534   731 1,546   6,120 8,260   -   67,734 74,340
Operating result 565 1,132   -94 60   463 1,002   421 443   1,355 2,637

In June and July, SOGECLAIR has put an accent on its development strategy with the creation of 2 new subsidiaries with leading industrial partners:

  • PrintSky, owned at 51% and created with AddUp (Five and Michelin's subsidiary), in the field of additive manufacturing
  • Autonomous Vehicle Simulation (AVS), owned at 65% and created with Renault Group, in the field of automotive simulation.

PerspectivesSOGECLAIR is strengthened by its business and profit's growth, with a strong balance sheet and forecasts a new profitable organic growth year. Over time, leading strategic partnerships (PrintSky, AVS,.) will keep growth and value creation going for the Group.

Next announcement: Q3 2017 turnover on November 08th 2017, following closure of the Stock Market.

About SOGECLAIR

Designer of innovative, high added-value solutions and products, SOGECLAIR brings its skills in high-quality engineering and production to cutting-edge sectors: aeronautics, space and transport. Supporting its customers and partners from the design and simulation stages through to the end of the product's lifetime, all along the production chain and for entry into service, the Group counts nearly 1,400 staff working worldwide to offer a high-quality, proximity service to all its customers.

SOGECLAIR is listed on Euronext Paris - Compartment C - Euronext® Family Business index - Code ISIN: FR0000065864 - PEA PME 150
(Reuters SCLR.PA - Bloomberg SOG.FP)

Contacts
Philippe ROBARDEY, President & CEO of SOGECLAIR +33(0)5 61 71 71 71
Marc DAROLLES, Executive Vice-President of SOGECLAIR +33(0)5 61 71 71 71
www.sogeclair.com

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