HOLOGRAM IND. : Hologram. Industries: 2011 Revenue: ?43.2M
01/17/2012 | 11:50am
Regulatory News:
Hologram. Industries (Paris:HOL):
STRONG GROWTH (35%)
|
? millions
|
|
2011
|
|
2010
|
|
Change
|
|
1st quarter
|
|
9.0
|
|
6.5
|
|
+40%
|
|
2nd quarter
|
|
11.3
|
|
8.9
|
|
+26%
|
|
1st half
|
|
20.3
|
|
15.4
|
|
+32%
|
|
3rd quarter
|
|
9.9
|
|
8.1
|
|
+23%
|
|
4th quarter
|
|
12.9
|
|
8.5
|
|
+53%
|
|
Total
|
|
43.2
|
|
32.0
|
|
+35%
|
-
A record fourth-quarter 2011
In the 2011 fourth quarter, the Group had record sales of ?12.9 million,
up from ?8.5 million in the same quarter last year on growth of more
than 50% for this period.
Full-year sales registered robust growth of 35% to ?43.2
million. This performance includes strong organic growth of 28%
and LSA's integration as of 1 January 2011.
Contributions from new business accounted for ?5.3 million in
revenue for the full year (up from ?3.0 million in 2010) driven by
sustained commercial momentum over the entire period.
|
? millions
|
|
2011
|
|
2010
|
|
Variation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Identity documents
|
|
21.0
|
|
49%
|
|
14.3
|
|
45%
|
|
6.8
|
|
+47%
|
|
Vehicle identification
|
|
10.3
|
|
24%
|
|
9.1
|
|
29%
|
|
1.2
|
|
+13%
|
|
Brand protection
|
|
7.2
|
|
17%
|
|
3.9
|
|
12%
|
|
3.3
|
|
+85%
|
|
Fiduciary documents
|
|
3.9
|
|
9%
|
|
3.2
|
|
10%
|
|
0.6
|
|
+19%
|
|
Other
|
|
0.7
|
|
2%
|
|
1.5
|
|
5%
|
|
-0.7
|
|
-49%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
43.2
|
|
100%
|
|
31.9
|
|
100%
|
|
11.3
|
|
+35%
|
All sectors registered gains in 2011. Growth was driven mainly by the
market for identity documents (+?6.8m) that was up 47% from the last
year. This strong performance reflected in large part a return to normal
volumes for passports (following a temporary decline at year-end
2009/early 2010 linked to inventory drawdowns in certain countries) plus
the addition of significant new references.
Sales in the fiduciary market rose 19% and vehicles 13%. The rise in the
brand production market (+?3.3m) reflects the integration of Label
Systems Authentication's business. Only the segment "Other" registered a
decline following the deconsolidation as of 1 February 2011 of the
public service delegation held by the subsidiary HIDS.
Among the ?43.2 million revenue, the digital activities originating from
the strategy of technological diversification represented sales of ?3.7
million in 2011, up 10% from the prior year.
-
Revenue by geographical market
For the first time in 2011 markets outside of Europe accounted for
half of Hologram. Industries sales. This is an outcome of the
strategy of geographical expansion pursued by the Group over recent
years.
Highlighting this trend, sales in Asia almost tripled to reach ?11.2
million. This figure includes ?3.1 million from orders for US customers.
After adjusting for this item, the US would account for 22% of total
sales revenue in 2011.
|
? millions
|
|
2011
|
|
2010
|
|
Variation
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Western Europe
|
|
14.4
|
|
33%
|
|
13.1
|
|
41%
|
|
1.3
|
|
+10%
|
|
Eastern Europe
|
|
7.9
|
|
18%
|
|
6.2
|
|
19%
|
|
1.7
|
|
+27%
|
|
Rest of the world
|
|
20.9
|
|
49%
|
|
11.0
|
|
40%
|
|
8.1
|
|
+65%
|
|
Of which: The Americas
|
|
6.5
|
|
15%
|
|
6.7
|
|
21%
|
|
-0.2
|
|
-2%
|
|
Of which: Asia Pacific
|
|
11.2
|
|
26%
|
|
4.0
|
|
13%
|
|
7.2
|
|
+180%
|
|
Of which: Africa Middle East
|
|
3.1
|
|
7%
|
|
2.0
|
|
6%
|
|
1.1
|
|
+56%
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total
|
|
43.2
|
|
100%
|
|
31.9
|
|
100%
|
|
11.3
|
|
+35%
|
Sales like-for-like grew 10% in Western Europe and 27% in Eastern
Europe. At constant exchange rates, the level of activity in the
Northern American area in line with last year.
-
Acquisition of Bussy Industries shares
At the end of 2011, the company acquired the shares of the French
property investment partnership (SCI), Bussy Industries that had been
directly held by Hugues Souparis. This entity owns a real estate complex
with a total area of 7.800 m˛ primarily destined for use for Hologram.
Industries operating activities and offices.
The purpose of this acquisition is to enable Hologram. Industries to:
-
directly acquire a functional real estate complex specifically adapted
for the exercise of the company's activities linked notably to the
site's security, and;
-
have access to a reserve of additional land necessary for the
development of its operations.
With this acquisition the rental charge (?0.6 million) in the
consolidated financial statements will be replaced by a depreciation
expense.
The transaction, previously authorised by the Board of Directors, was
based on a market value for the property of ?6.5 million as determined
by two independent appraisals.
In light of the residual debt owed to the finance lessors on the
transaction date, the value of the securities amounted to ?4.3 million.
This amount was refinanced by a 10-year bank loan.
Just a few months after receiving the prize for "Best Security
Feature" granted by the International Association of Currency
Affairs (IACA) for the first banknote application of the DID®
technology, the DID® Patch for the 500 and 1,000 Philippine
peso denominations subsequently received the "Best Applied Security
Product" prize awarded by the IHMA (International Hologram
Manufacturers Association). These industry awards in the fields of
security optics and banknotes strengthen our Company's image in a sector
with significant growth prospects for the coming years.
Given the level of repeat business for all sectors of activity and
continuing strong commercial momentum, the Group expects sales growth
for 2012 at least to remain on track with the historic average of the
last five years.
On that basis, Hologram. Industries should reach its "medium-term"
target of ?50 million1 through sustained expansion of its
product portfolio on the strength of its strategy of ongoing innovation.
Next press release: 2011 annual results
Tuesday, 6 March 2012 (after the close of trading on
NYSE-Euronext Paris)
Hologram. Industries is a provider of high security
anti-counterfeiting solutions for:
- Identity documents
-
Vehicle documents
- Brand products
- Fiduciary documents;
-
Identifying and searching for illicit digital content
In 2011 the
Group had sales of ?43 million. The expertise of Hologram. Industries is
based on two major technology areas: computing and optics
www.hologram-industries.com
Euronext Paris- ISIN Code: FR0000062168
1 Analysts meeting of October 12, 2010
Financial communications
Asset Com
Laurence
Costes
Tel.: + 33 1 41 22 90 95
lcostes@assetcom.fr
or
Press
relations
Kablé Communication
Nolwenn Salaün
+33
1 44 50 54 74
catherine.kable@kable-cf.com
or
Investor
relations
Hologram. Industries
Grégory Wagemans
+
33 1 64 76 31 00
finances@hologram-industries.com
© Business Wire 2012
