Verac, 2017 March 23rd

2016, a further increase in operating performance. While turnover amounts to 312,1 M€, down slightly by 2% compared to 2015 but up 3,5% when corrected by aluminum prices fluctuations, Le Belier is once again strengthening its operating performance and confirms its growth prospects thanks to many commercial successes.

In M€

2016

2015

Turnover (TO)

312,1

318,5

EBITDA

52,4

49,9

% TO

16,8%

15,7%

Activities Operational Result

37,7

36,3

% TO

12,1%

11,4%

Operating Result

28,5

33,5

Financial Result

-1,2

-1,9

Net Result

19,7

23,5

% TO

6,3%

7,4%

The sold tonnage of 67 500 T is growing by 5,9% compared to 2015, while the world market for car production volumes increase by 4,8%.

Europe and Asia zone respectively grew by 10,4% and 7,3% while North America decrease by 11,7%.

The commercial activity remains sustained with 376 M€ of new orders acquisition (cumulated turnover programs lifetime), ensuring high visibility for the coming quarters.

Improved operational performance.

Thanks to the growth of its volumes and its control of operations, the Group once again strengthened its performance in a continuing context of new program launches.

EBITDA amounts to 16,8 % of revenues (+1,1 margin point compared to 2015) ; Activities Operational Result (1) totals 37,7 M€ compared to 36,3 M€ in 2015 ; Operating Result rises 28,5 M€ taking into account the 2016 Performance Share Plans ; Overall, Net profit stands at 19,7 M€, representing a net margin of 6,3% ;

Free Cash-Flow is 11,6 M€ et the end of December.

Strong financial position.

The net financial debt totals 16,8 M€ at the end of 2016 against 21,9 M€ end of 2015, while equity increase by 110,6 M€ to 127,9 M€ ; gearing thus emerges at 13% for 20% in 2015.

(1) Activities Operational Result: Operating Result before « cost of Performance Share Plans » and

« other operating income and expenses »

Dividend: 1,10€ per share

Remaining confident in the future of the Group, the Board of Directors will propose a dividend of 1,10 € per share at the next General Meeting.

Strategy and Outlook

Le Belier enjoys continued growth prospects, driven by its many commercial successes. The evolution of tonnages and turnover is expected to increase in 2017, during which 27 new programs will be launched.

In the medium term, Le Belier plans sustained growth in sales and plans to reach 400 M€ in 2020.

Next meeting:

April 27th, 2017 (at market opening): 2017 1st quarter turnover information) May 18th, 2017: General Meeting of Shareholders

LE BELIER is a specialist in cast aluminum parts for global automotive industry

Le Belier is quoted on B Compartment of Euronext Paris ISIN: FR0000072399 - BELI

LE BELIER Th RIVEZ ASSETCOM L COSTES

Tel: +33 (0) 557 550 300 Tel: +33 (0) 142 746 677

E-mail: thierry.rivez@lebelier.fr Site web: www.lebelier.com

Le Bélier SA published this content on 23 March 2017 and is solely responsible for the information contained herein.
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