Flexible composite materials up 11.2%
SergeFerrari Group (FR0011950682) creates, manufactures and distributes innovative flexible composite materials and is listed on Euronext Paris - Compartment C.
Saint Jean de Soudain, April 28, 2016
Regional breakdown in revenues (unaudited)
| (€000) | Q1 2016 | Q1 2015 | Ch. 2016 vs. 2015 |
| Southern Europe (SEUR) | 14,905 | 13,652 | +9.2% |
| Wide Europe (WEUR) | 12,138 | 12,160 | -0.2% |
| Rest of World (ROW) | 10,013 | 7,516 | +33.2% |
| Total flexible composite materials | 37,056 | 33,328 | +11.2% |
| Other products | 1,758 | 1,958 | -10.2% |
| Total revenues | 38,814 | 35,286 | +10.0% |
The first quarter increase in flexible composite material sales was mainly due to an increase in volumes (up 12.8%), further impacted by a 0.2% currency gain and a -1.8% product mix effect.
Outlook
The Group continues to roll out its sales development strategy: the sales headcount increased from 139 to 143 between December 31, 2015 and March 31, 2016. On April 1, a promotion company named Serge Ferrari India Private Ltd was launched in India in partnership with the Group's traditional local distributors. The Group has confirmed its 2018 target of €215 million in revenues and a 15% ebitda margin.
April 25, 2016 General Meeting
At the General Meeting held on April 25, 2016, the shareholders approved a dividend of €0.12 per share, to be paid out on May 23, 2016.
The shareholders reappointed Karine Gaudin and Sébastien Ferrari as directors and ratified the appointment of Christophe Graffin as requested by Bpifrance. At a Board meeting held just after the close of the General Meeting, Sébastien Ferrari was appointed Chairman and Chief Executive Officer of SergeFerrari Group SA.
Calendar
Q2 2016 revenues, July 11, 2016 after market close.
Find all Company details at www.sergeferrari.com.
| SERGE FERRARI CONTACT Philippe Brun Chief Financial Officer, Board Member investor@sergeferrari.com |
INVESTOR & PRESS CONTACT Amalia Naveira/Marie-Claude Triquet Actus Lyon Tel.: 00 33 4 72 18 04 93 anaveira@actus.fr/mctriquet@actus.fr |
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ABOUT SERGE FERRARI
Serge Ferrari Group designs, makes and distributes high-tech eco-responsible flexible composite materials in a global market with an estimated medium-term value of €31 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 four subsidiaries (in the US, Japan, Hong Kong, Brazil), 5 representative offices (in Spain, Turkey, China, Singapore and Dubai) and a network of more than 100 distributors. At the end of 2015,
Serge Ferrari posted consolidated revenue of €148,4 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.
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