SergeFerrari Group (FR0011950682) designs, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.
Saint Jean de Soudain, July 10, 2015.
The increase in revenues in Q2 2015 is equally the result of growth in volumes combined with an improvement in the product mix, and a favorable exchange rate impact of foreign currencies against the euro.
Regional breakdown of revenues (unaudited)
|(€000)||Q2 2015||Q2 2014||Change||H1 2015||H1 2014||Change|
|Southern Europe (SEUR)||15,845||15,142||4.6%||29,497||28,018||5.3%|
|Wide Europe (WEUR)||15,188||15,265||-0.5%||27,348||27,198||0.6%|
|Rest of World (ROW)||10,718||8,650||23.9%||18,234||16,623||9.7%|
|Total flexible composite materials||41,751||39,057||6.9%||75,079||71,839||4.5%|
Ongoing roll-out of the development plan
The Group continues to hire sales staff, increasing the headcount from 122 at the end of 2014 to 125 as of June 30, 2015. This number is set to reach 140 by the end of the year, in line with the development plan.
The showroom opened in February 2015 has received an excellent response from specifiers, architects and engineering firms, and confirms the merits of using an exhibition and promotional space in Paris to showcase Serge Ferrari's latest products.
Reporting of H1 2015 earnings
SergeFerrari Group will publish its H1 2015 earnings on September 2, 2015 after close of trading.
SergeFerrari Group is targeting further growth in its revenues and profit margins.
Find all Company details at www.sergeferrari.com
|SERGE FERRARI CONTACT
Chief Financial Officer
Amalia Naveira/Marie-Claude Triquet
Tel: 00 33 4 72 18 04 93
About Serge Ferrari