Growth of order intake reached 7.1 % compared to the same period last year which allows the group to confirm its 2017 goals for sales growth (4 - 5 % excluding acquisitions) and EBITDA, the latter expected to improve over-proportionately.
Sales first half-year (1st January - 30th June) - non audited
In EUR million | 2017 | 2016 | Change |
First quarter | 84.5 | 77.8 | + 8.6 % |
Second quarter | 89.8 | 89.5 | + 0.3 % |
Total first half-year | 174.3 | 167.3 | + 4.2 % |
Thereof maintenance | 71.1 | 68.9 | + 3.2 % |
at constant exchange rates | 175.3 | 167.3 | + 4.8 % |
While the first quarter of 2017 includes 3.5 % growth in sales acquired via the HPDS transaction in the U.K. (consolidated since April 2016), the second quarter was impacted by fewer working days, the weakness of the British Pound and an increase in work-in-progress.
The full result of the first half-year is expected to benefit from better gross margins and tight management of structure cost.
The brighter economic outlook and the end of the restructuring efforts in the French and U.K. operations are anticipated to support the profitability of the second half-year.
Next media release
Half-year results on 11 September 2017 (after trading).
About agta record
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 and gates.
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
Contact
Hubert Jouffroy - Chairman of the Board - mail: shareholders@agta-record.com - web: shareholders.agta-record.com
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