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Profitability jumps after successful reorganisations
Media Release: 10 September 2018
First half-year results 2018
In the first half of 2018, consolidated total turnover grew 4.7% at constant exchange rates. Turnover of the higher margin maintenance and service business even grew 8.2% excluding exchange rate effects. The strong growth of the service and maintenance business contributed to the 90 basis points increase of the gross margin, which was also helped by pricing initiatives across the group and the compensation of raw material price increases by savings in the supply chain. The benefits of the reor- ganisations in France, the United Kingdom, the Netherlands and the United States allowed personnel cost to decrease slightly and
Group key figures January - June
structure cost to stay constant, despite an expanding business.
The financial result is predominantly non-cash and driven by the impact exchange rate movements had on the cash positions in the Group.
2018 sales growth continues to be anticipated to be 3 to 4% based on constant exchange rates.
Next media release 3rd quarter turnover on 25 October 2018 (after market closing)
in MEUR | 2018 | % | 2017 | % | Variation |
Turnover | 178.6 | 100% | 175.2 | 100% | +1.9% |
Gross profit | 132.7 | 74.3 | 128.6 | 73.4 | +3.2% |
Personnel expenses | 83.3 | 46.6 | 83.7 | 47.8 | -0.5% |
Structure cost | 25.4 | 14.2 | 25.4 | 14.5 | 0.0% |
EBITDA | 24.7 | 13.8 | 20.2 | 11.5 | +22.3% |
EBIT | 18.3 | 10.2 | 13.3 | 7.6 | +37.6% |
Financial result | (1.1) | -0.6 | 0.0 | 0.0 | NM |
Profit for the period | 13.4 | 7.5 | 10.2 | 5.8 | +31.3% |
About agta record | |||||
Ranking among the top players in the global market for automatic | |||||
pedestrian doors, agta record calls on its integrated technological and |
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commercial know-how. The Group's extensive expertise covers the design, production, marketing, installation and maintenance of a large range of automatic doors.
Headquartered in Switzerland, agta record sells its products and services across the globe and is directly present with subsidiaries in 17 countries. agta record is listed on Euronext Paris, foreign stocks: ISIN: CH0008853209
agta record ltd
Hubert Jouffroy - Chairman of the Board
Tel. +33 6 07 44 56 12info@record.groupwww.record.group
agta record ltd - Allmendstrasse 24 - 8320 Fehraltorf - Switzerland mail:info@record.group- web: www.record.group
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Agta Record AG published this content on 10 September 2018 and is solely responsible for the information contained herein. Distributed by Public, unedited and unaltered, on 10 September 2018 05:01:01 UTC