Blagnac, France, 22 March 2017-5.35pm, Montreal, Canada

ANNUAL RESULTS FOR 2016

Consolidated turnover up by 6.8%; International turnover up by 17.2% EBITDA up by 33.8%

SOGECLAIR, designer of innovative, high added-value solutions and products for the aerospace and transport sectors, today announced its turnover for the year ending 31 December 2016.

The Board of Directors, meeting on 17 March 2017, closed the annual accounts for 2016.

The audit procedures have been accomplished on the annual accounts.

In € million

2016

2015

Variation

Turnover

136.5

127.8

+6.84%

International

73.2

62.4

+17.2%

EBITDA

12.3

9.2

+33.79%

As a % of turnover

9.0%

7.2%

Current Operating Income

8.4

5.2

+64.02%

As a % of turnover

6.2%

4.0%

Operating Income

8.2

5.1

+61.41%

As a % of turnover

6.0%

4.0%

Operating Profit

6.4

2.2

+190.50%

Including group share

5.9

2.2

+165.34%

Robustness of our growth model

The year 2016 was marked by growth of 6.8%, all of which was organic driven by international sales with a performance up by 17.2%. The distribution of our activities is well balanced:

  • Development: about 25%

  • Production support: > 40%

  • Products: > 30%

with, as expected, a high proportion of products and production support, which represent more than 70% of consolidated turnover.

Profits up

This performance - up by 33.8% for EBITDA and 165% for Operating Profit (group share) - was driven by the acceleration in our innovation-related activities (thermoplastic composites for aeronautics, simulation for the autonomous vehicle, etc.) and by the production ramp-up for the new commercial and business aircraft programmes.

Debt (gearing) down significantly

The ratio of financial debt to equity capital (gearing) has improved significantly, going down from 35.48% to 23.86%. Our robust financial structure allows us to maintain our policy of investment (€3.3 million in 2016) and innovation (€8.8 million in 2016) at a high level.

Proposed increase in dividend

The Board of Directors will propose to the AGM on 18 May 2017, a dividend of €0.62 per share, compared with the €0.40 for the previous year.

Perspectives

Its transition to new customer offerings, along with its strengthened international footprint and robust growth model allow SOGECLAIR to anticipate another year of growth and technological and commercial innovations for 2017.

Next announcement: turnover for Q1 2017, on 10 May 2017 after the close 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 a broad range of cutting-edge sectors, notably 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 through to 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 NYSE Euronext Paris - Compartment C - Code ISIN: FR0000065864 - PEA PME 150 (Reuters SCLR.PA - Bloomberg SOG.FP)

Contact:

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 SA published this content on 22 March 2017 and is solely responsible for the information contained herein.
Distributed by Public, unedited and unaltered, on 24 March 2017 08:01:04 UTC.

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