Solid growth in order intake - Confirmation of 2017 goals

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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