AGTA RECORD LTD Improved profitability
Groupe key figures (January - June)
| In MEUR | 30.06.17 | % | 30.06.16 | % | Variation |
| Turnover | 175.5 | 100.0 | 166.6 | 100.0 | +5.3% |
| Gross profit | 128.6 | 73.3 | 119.7 | 71.8 | +7.4% |
| Personnel expenses | 83.7 | 47.7 | 78.1 | 46.9 | +7.2% |
| Structure cost | 25.4 | 14.5 | 24.3 | 14.6 | +4.5% |
| EBITA | 20.2 | 11.5 | 18.0 | 10.8 | +12.2% |
| EBIT | 13.3 | 7.6 | 11.6 | 7.0 | +14.7% |
| Financial result | 0.0 | - | (0.8) | (0.5) | - |
| Profit for the period | 10.2 | 5.8 | 8.4 | 5.0 | +21.4% |
The gross margin increased considerably, benefitting from reduced production costs in France, savings on sourced components and higher production volumes at agtatec.
Growth of personnel costs surpassed sales growth despite steady improvements in France. The higher personnel expenses are also partly due to the integration of HPDS in the U.K.
During the second half of 2017, restructuring costs should remain minimal in France and the U.K. while the focus of the integration of record UK and HPDS will switch to the achievement of synergies and efficiency gains. The pressure on the gross margin from the weakened British Pound should diminish in the second half of 2017.
The group confirms its expectation of sales growth of 4 - 5 % for the full year.
2018 Preliminary calendar of financial releases
| Publications | Dates of release |
| 2017 annual sales | Thursday, 25 January 2018* |
| 2017 annual results and 2018 1st quarter sales | Monday, 23 April 2018** |
| 2018 half-year sales | Wednesday, 25 July 2018* |
| 2018 half-year results | Monday, 10 September 2018** |
| 2018 3rd quarter sales | Thursday, 25 October 2018* |
* Release after trading
** Release before trding
Half-Year Financial Report
The complete half-year financial report is published online in the shareholders' section of the Group website http://shareholders. agta-record.com.
Next media release: 3rd quarter turnover on 25 October 2017 (after market closing).
| About agta record | Contact |
|
Ranking among the top players in the global market for automatic pedestrian doors, agta record calls on its integrated technological and commercial know-how. The Group's extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors. Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 17 countries. agta record is listed on Euronext Paris, foreign stocks. ISIN: CH0008853209 |
agta record Hubert Jouffroy - Chairman of the Board Tel. + 33 6 07 44 56 12 Email: shareholders@agta-record.com Web: shareholders.agta-record.com ACTUS finance & communication Amalia Naveira - Investor Relations Tel. + 33 4 72 18 04 90 |
News releases under ongoing reporting obligations:
- News release on accounts, results
Full and original press release in PDF:
https://www.actusnews.com/documents_communiques/ACTUS-0-50091-agta-110917-rs-17-gb.pdf
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