Press release January, 16th 2013 - 5.45pm
2012 Sales up 8.2%
Consolidated sales (? millions) | 2012 | 2011 | % change |
1st quarter | 54.5 | 50.2 | +8.5% |
2nd quarter | 55.4 | 53.1 | +4.3% |
3rd quarter | 56.4 | 49.3 | +14.4% |
4th quarter | 53.7 | 50.7 | +5.9% |
Total | 220.0 | 203.3 | +8.2% |
Since July, 1st 2012, figures include 50% of the sales of the proportionally consolidated Raydiall automotive subsidiary (? 10.1 million revenue on 2012), compared to 100% in the 2nd half of 2011, being an unfavourable group structure effect of ? 1.3 million on 2012.
Sales growth in the 4th quarter 2012
Radiall reports sales of ? 53.7 million for the 4th quarter of its 2012 financial year, an increase of 5.9% compared to the 4th quarter of 2011. Growth during the period was 4.7% on a like-for-like basis compared to 2011.
For the full year 2012, sales totalled ? 220.0 million, which was an increase of 8.2% on a reported basis compared to 2011, and an increase of 8.8% at constant perimeter. Due to the proportional consolidation of Raydiall from July, 1st 2012 onwards and more favourable foreign exchange rates in 2012, activity growth is 4.4% versus 2011 on a like-for-like basis.
2012 international sales which accounted for 80.5% of total Group, has been sustained and primarily driven by the US, civil aeronautics and industrial sectors, whereas the Telecom industry remained in decline.
Outlook
The Group confirms a favourable trend for its operations, notably due to a particularly buoyant aeronautics market and reinforced position in industrial sectors. Other market segments remain subject to a more uncertain business climate.
Due to strong business activity in the 2nd half of the year, the Group expects an increase in full-year profitability from recurring operations compared to that noted in the first half.
Shareholders' agenda: 2012 Annual Results: April, 5th 2013.
About RADIALL
RADIALL designs, develops and manufactures electronic components dedicated to wireless communication, automotive telematics and military and aeronautic equipment applications.
ISIN Code: FR0000050320 -- Eurolist C - NYSE Euronext
www.radiall.com
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Guy de Royer Gilles Broquelet Tel: 33(0)1 49 35 35 51 Tel: 01 80 81 50 00 guy.deroyer@radiall.com: mailto:guy.deroyer@radiall.com gbroquelet@capvalue.fr: mailto:gbroquelet@capvalue.fr |
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Source: RADIALL via Thomson Reuters ONE