Consolidated turnover for 1st half 2017 up by 9.75%
New subsidiary in 3D printing

SOGECLAIR, the designer of innovative high added-value solutions and products for the aerospace and transport sectors, today reports its turnover for the first half of 2017, ending on June 30th 2017.

Consolidated group turnover for the first half stands at €74.3 million compared with €67.7 million for the same period in 2016, that is to say up by 9.75% like for like.

The breakdown per division is as follows:

Division Turnover (€ million)
S1-2017
Turnover (€ million)
S1-2016
Variation as %
2016-2017
Aerospace 64.53 60.88 +6.00%
Vehicle 1.55 0.73 +111.49%
Simulation 8.26 6.12 +34.96%
Total 74.34 67.73 +9.75%
International39.62 35.89 +10.38%

Each of the divisions has shown growth in its turnover, boosted by its Products activities:

  • Aerospace (86.8% of total revenue): +6.00%, driven by a good performance in Canada and by inspection covers product,
     
  • Simulation (11.1% of total revenue): +34.96%, brought by the simulation activities for vehicles development and Defence,
     
  • Vehicle (2.1% of total revenue): +111.49%, resulting from end 2016 booked orders and a positive base effect.

The most dynamic areas are France with +9%, Asia with +16% and America with +48%. The strong growth in America confirms the approach and potential of this market developed for the last 3 years.

SOGECLAIR keeps going on its development strategy and displays a strong growth model, strengthened by:

  • its repositioning towards series and products activities, representing 77% of the activity,
  • its potential proven by being a technology incubator with the creation of PrintSky, a joint-venture hold at 51% by SOGECLAIR and 49% by AddUp (which is co-owned at 50/50% by Fives and Michelin) in the field of 3D prototypes and preproduction conceptions, for the Aerospace and Defence industries (cf. June 20th 2017 press release).

Since the biannual closing of accounts, SOGECLAIR announced the creation of AV Simulation, devoted to the autonomous vehicles development. This dynamic attests the 2017 growth forecasts of the group's activities.

Next announcement: S1 2017 results on September 13th 2017, following closure of the Stock Market.

About SOGECLAIR
Designer of innovative, high added-value solutions and products, SOGECLAIR brings its skills in high-quality engineering and production to cutting-edge sectors: aeronautics, space and transport. Supporting its customers and partners from the design and simulation stages through to the end of the product's lifetime, all along the production chain and for entry into service, the Group counts nearly 1,400 staff working worldwide to offer a high-quality, proximity service to all its customers.

SOGECLAIR is listed on Euronext Paris - Compartment C - Euronext® Family Business index - Code ISIN: FR0000065864 - PEA PME 150
(Reuters SCLR.PA - Bloomberg SOG.FP)

Contacts
Philippe ROBARDEY, President & CEO of SOGECLAIR +33(0)5 61 71 71 71
Marc DAROLLES, Executive Vice-President of SOGECLAIR +33(0)5 61 71 71 71
www.sogeclair.com

Sogeclair : Consolidated turnover for 1st half 2017 up by 9.75%



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Source: Sogeclair via Globenewswire